Meat Market Update | Christmas prime rib buys soon will end, cutout decline begins

Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.

The weekly average Choice cutout, which includes all types of sales including the daily Choice cutout was $209.99, $1.23 lower for the week. The previous weeks daily Choice Cutout spot sales were higher, which normally pushes the current week’s formula prices slightly higher, but unfortunately this week we didn't see that happen. That decline indicates that the other types of sales, especially out-front type sales, were likely lower priced. The largest out-front sales this week were Choice round and loin products, with some higher and some lower prices, but the Choice rib products were a whopping $57 to $158 lower than current formula prices. This is a normal price decline as we end the purchasing season for the Christmas party prime ribs.

 

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