Meat Market Update | Market plunge continues

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 Choice Cutout was $8.93 lower this week, and volume did not improve and was down about 168 loads.

Thus far this year, the cutout has dropped about $29 since the last week of August and around $47 since the week before Memorial Day. We are definitely following last year's late summer plunge, but at a much lower level.