Meat Market Update | Volume jumps back over 7,000 loads sold

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

Ed Czerwien, Market Reporter

August 20, 2020

The daily spot Choice box beef cutout ended the week on Friday, August 14 at $214.24, which was $8.77 higher compared to previous Friday. Last year, it was $238.69 on Friday, which was about $22 higher last year, however, last year's prices was impacted by the big packing plant fire.

This week the cutout continued to climb higher and was $220.86 on Tuesday, August 18 which is a normal seasonal rally this time of the year for grilling. The weekly total for the daily cutout was 711 loads, which was about 10% of the weekly total loads sold. 

The weekly average Choice cutout, which includes all types of sales, including the daily Choice cutout was $204.89, which was $2.27 higher, creeping higher as it follows the daily Choice cutout. Next week, we should see a bigger jump higher as the daily cutout prices were quite a bit higher this week.

The big news this week was there were 7,289 total loads sold for the week, which was 877 loads higher than the previous week.

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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