Meat Market Update | Dramatic Choice cutout rally continues

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 spot cutout was $207.69, $5.14 higher than the previous week. This cutout did not rally earlier this fall but has been in a very dramatic rally now similar to the 2014 and 2015 trallies which also utilized the big holiday season rib primal rally.

And while the rally is good news, the jump in prices was accompanied by a very big drop in sales volume which has been ongoing for several weeks now.

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