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Meat Market Update | Cutout price drop continues in the midst of grilling season

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 Weekly Average Choice Cutout was $2.66 higher after losing $14 in the previous two weeks, but total volume has held up very well on this rising market. Meat buyers were in the midst of buying product for two big grilling holidays Father’s Day and the Fourth of July.

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