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Meat Market Update | Daily Choice rib primal rebounds nearly $30

TAGS: Marketing
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 $201.87 which was 14 cents higher, moderated by the formula type of sales even though the daily Choice cutout was almost $1 lower for the week.

The daily Choice rib primal ended the week about $5 higher, part of a big rebound as it is up $22 in two weeks and then another $7 dollars on Monday, October 1, pushing it up to almost $30 higher. So the rib primal was still the main driving force again helped by good fall grilling which kept the Choice cutout from dropping. The bounce from fall grilling offset the declining Chuck primal.

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