Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Meat Market Update | Daily Choice cutout highest in 5 years

Video-Meat Market Update | Daily Choice cutout highest in 5 years

There's nothing normal about the beef market right now. Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.

The daily spot Choice box beef cutout ended the week on Friday, April 17 at $238.99 which was $15.06 higher compared to previous Friday, as beef sales prices improved again with retail stores reordering products as plants are closing because of COVID-19 outbreaks. All of the major daily primals were $10-19 higher this week with the chuck and round leading the gains.

On the following Monday and Tuesday, the rib and loin skyrocketed almost $20 higher pushing the daily Choice cutout to $259.85 on Tuesday, April 21, which is the highest in the last 5 years. Last year, it was $233.65 the same Friday.

 

TAGS: Marketing
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish