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Meat Market Update | Are positive numbers on the horizon?

The four week moving average graph of total weekly box beef sales has started to improve.

The daily spot Choice cutout continued to decline and was $2.44 lower by Friday, but started to improve slightly by Monday and Tuesday of this week. The four-week moving average of total weekly box beef sales has started to improve, following the previous year increases that normally occurred after the price declines following the big grilling season rally. Also, out-front sales were a little lower, but still good volume with prices that were much closer to current prices after being way below the current prices for several weeks.

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