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BEEF Magazine is the source for beef production, management and market news.
March 23, 2017
The Choice cutout rally continues to be driven by the demand for Choice Rib and Loin steaks which is normal each spring during the grilling season. The Choice Select spread has started to widen again like last year when it climbed to over $20 between Memorial Day and Father's Day based on the demand for Choice steak meat items. Another item that has really seen a good spring rally has been the fifty percent trimmings which are used to make hot dogs and sausage items for the ball park season, as well as grilling. When you look at the comparison graphs of these key items you can see that they are definitely following normal seasonal type rallies and should not surprise anyone.
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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