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Meat Market Update | Demand higher as grilling holiday approaches

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

The weekly average Choice cutout, which includes all types of sales including the daily Choice cutout was $219.84, which was 1.64 higher. It was helped by a big jump in the weekly average Choice rib primal from formula sales. The weekly average Choice rib primal was $11 higher helped by formula sales for grilling prior to the Fourth of July.  The Choice loin primal was $2 higher.

The formula sales contained about 2.7 million lbs. of Choice rib products and 4 million lbs. of Choice loin products, which included many more different products for grilling.

Formula sales were at 3,631 loads which was 144 loads higher than last week and about 52% of the total loads sold this week with big loin and rib products. This is quite normal about two weeks before a grilling holiday weekend. That normally puts products in the pipeline headed to warehouses and then retail stores prior to the big retail sales period. 

TAGS: Marketing
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