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Meat Market Update | Longer term forward contracts impact markets

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 was actually up $1.37 even though the daily Choice cutout was down 59 cents for the week. The big news was that there was 7,365 loads sold which was up 1,213 loads and this big increase was driven by out-front sales and exports. The out-front sales included a very big jump in longer term forward contracts that went from 160 loads the previous week to 767 loads.   

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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