Meat Market Update | Father's Day isn't over, but the rush to buy beef is

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

Ed Czerwien, Market Reporter

June 12, 2019

The daily spot Choice box beef cutout ended the week last Friday at $222.31 which was $0.90 lower compared to previous Friday. It continued to drop more on Monday, June 10. On Friday, it was about $4 lower than the same day last year when it also started a season decline. However last year it also dropped an additional $14 during the last three weeks of June. We will need to monitor this closely. It normally declines faster after Father’s Day grilling is done.

Like we have always said, the daily Choice cutout has a big impact on the following week’s formula sales which are always around 50% of the total sales. This is why the weekly average Choice cutout follows the daily cutout movement just a little slower.  


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.

Subscribe to Our Newsletters
BEEF Magazine is the source for beef production, management and market news.

You May Also Like