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Meat Market Update | Formula sales up, daily cutout declines

Many of the formula sales are based off of the previous week’s spot prices and that daily Choice cutout the previous week was almost $6 higher than the prior week.

The daily Choice spot cutout was $1.37 lower on Friday compared to the previous week, but the weekly average Choice cutout was $3.30 higher for the week, supported by higher formula sale prices. Many of the formula sales are based off of the previous week’s spot prices and that daily Choice cutout the previous week was almost $6 higher than the prior week, which helped push formula prices higher. However, the daily Choice cutout continued to decline, losing over $4 by Wednesday, June 2,1 following a normal seasonal drop after Father’s Day sales are over.

TAGS: Marketing
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