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BEEF Magazine is the source for beef production, management and market news.
Exports are the hot topic this week as export volume was very high this past week. There were 1451 loads which was 218 loads higher compared to the previous week. There has been two very large weeks in a row, meaning exports are starting the year off strong.
The daily spot Choice box beef cutout ended the week on Friday at $214.49, which was 0.32 higher compared to previous Friday. It is now below last year, when the same Friday in 2019 was $217.01 and climbing. It moved almost $4 higher the same week last year. It then dropped down to$ 212.85 on Tuesday, January 28, which was a little earlier decline than last year’s drop.
Ed Czerwien is a market analyst in Amarillo, Texas. From the heart of Cattle Feeding Country, Ed follows the cattle and wholesale markets to keep beef producers up-to-date on the market moves that affect them. He previously worked with USDA as a Market News reporter. Ed is now semi-retired and continues to work with cattle trade analysis.
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