Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Meat Market Update | Primal rib supports Choice cutout

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 forward contracts have made up a very large portion of the out-front sales these last two weeks, but their deliveries are normally spread over many months so they don't have much immediate support for the box beef trade. In fact, they quite often are made by large restaurant companies to lock prices in for their menus during the upcoming year.
 
The primal rib has been the only primal to provide much support for the Choice cutout lately. The primal rib has climbed from $296 on the first of October to $373 on the first of December. This has helped hold the Choice cutout up. Prime rib is a very important part of many company Christmas parties which pushed this primal higher, but it normally falls quite a bit after this seasonal rally.

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

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish