Ed Czerwien, USDA Market News reporter in Amarillo, TX, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.
The Comprehensive or Average Choice Cutout was only down $1.26 for the week, but has dropped about $16 in the past month, putting it at the lowest level since June 2014. The total volume of Box Beef Sales was down 691 loads.
The positive news for the week was that some of the average prices for out-front sales have started to improve over the current average prices, since most of the out-front sales prices had been at a discount to the current prices for several weeks.
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