Meata Market Update | Box beef cutout prices drop

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

Ed Czerwien, Market Reporter

December 12, 2019

The daily spot Choice box beef cutout ended the week of Friday, December 6 at $224.56 which was $7.56 lower compared to previous Friday. It then continued to drop more and was $218.65 on Wednesday, Decemberr 11.  However, it still continues well over last year when the same Friday in 2018 it was $214.29 which about was $1 higher that week. This week the daily Choice rib primal was $1 higher by Friday and the loin was $5 lower, but the daily Choice chuck and round were $7-12 lower forcing the cutout much lower. 

As previously mentioned the weekly average Choice cutout always follows the daily cutout, but at a slower pace because the formula sales, which are always around half of the total sales, are often priced off of the previous weeks daily spot cutout prices.

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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