Ed Czerwien, USDA Market News reporter in Amarillo, TX, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.
One of the most important items in the box beef trade for 2014 was that the price of "ninety percent trimmings" began a very significant meteoric climb in prices in December 2013. Ninety percent trimmings are the major result of slaughter cows. They are used for the ground beef trade, but also help the finished cattle box beef trade because products from chucks and rounds were also ground due to the reduced cow harvest after years of drought. There high prices and the rising value of the dollar also helped to increase the beef imports.
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