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Meat Market Update | Exports lead the way in 2020

Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.

Ed Czerwien

January 30, 2020

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.

About the Author(s)

Ed Czerwien

Market Reporter

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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