Meat Market Update | Cutout drops $7 on heels of declining beef cut prices

Ed Czerwien, USDA Market News reporter in Amarillo, Texas, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.

The weekly average Choice cutout dropped over $7 on the heels of the declining beef cut prices. The weekly cutout has a tendency to go up and down more slowly than the daily cutout because of the formula sales. However, it does follow the daily movement in a more subdued fashion. The total sales volume was 6,162 loads which dropped almost 1,000 loads due to the decline in the long-term forward contracts along with the holiday shutdown last Monday.

Find more cattle price news here or bookmark our commodity price page for the minute-by-minute updates.

TAGS: Beef Quality
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