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Meat Market Update | Exports climb higher

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 at $225.85, which was $3.55 lower compared to previous Friday.  Last year it was $227.31. The weekly total for the daily cutout was 567 loads which was about  9% of the weekly total loads sold. 

The weekly average Choice cutout, which includes all types of sales, including the daily Choice cutout was $221.74, which was $0.98 higher.

There were 6,213 total loads sold for the week which was 242 loads lower than the previous week. It's been dropping down to about 1000 loads lower per week during the last three weeks.        

The exports as reported on the Box Beef report were very good, with 1,036 loads. That was 338 loads higher compared to the previous week with over 100 loads sold to our NAFTA neighbors and 936 loads going overseas. 

 

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