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Meat Market Update | Cutout drops lower; still up year over year

Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef trade.

The daily spot Choice box beef cutout ended the week last Friday at $220.88 which was $6.43 lower compared to previous Friday, but still continues well over last year. For example, on the same day last year it was $204.27. This year, during the week the daily Choice loin primal dropped $17 dollars by Friday, but the rib primal was over $1 higher than the previous Friday. The rib primal normally starts a big price rally every year during the fall which has helped push the cutout higher.

The weekly average Choice cutout which includes all types of sales, including the daily Choice cutout was $220.93 which was $3.86 lower, but still continues much higher than last year. It is also approaching the normal fall rally that usually starts during October when Choice prime rib type products are purchased ahead of the Thanksgiving and Christmas holiday party season.

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