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Meat Market Update | Choice Cutout continues steep decline

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 Average Choice Cutout continued on a steep decline posting the second week in a row of over $7 lower.  However the upcoming Father’s Day weekend, along with the Fourth of July holiday have helped firm up the daily spot market as retailers buy product for those two events.

 

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