The daily spot Choice box beef cutout ended the week last Friday at $233.65m which was $4.90 higher compared to the previous Friday and $22 higher than the same day last year. It then went above $234.00 on Monday, April 22. Last year’s high was $232.68 set in mid-May, so we are already seeing higher prices in 2019. This rally is definitely much earlier for grilling than other years. Always remember the weekly average Choice cutout follows the daily cutout prices, just a little slower.
The daily Choice rib and loin primal both ended the week on Friday almost $10 higher. The grilling season is definitely in its peak right now and these increases always widen the choice-select spread.
There were 7,045 total loads sold for the week which was 422 loads higher than the previous week and a very good big volume of total sales.