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Meat Market Update | Grilling demand fires up prices

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 $226.19, $0.96 higher. The Choice cutout is following the daily cutout, but at a much slower pace, which is normal because of the moderating effect of the formula sales. The weekly average Choice cutout now is almost $14 higher than last year and is being helped by the increasing prices for Choice rib and loin products for the grilling season. 

The weekly average Choice rib primal and Choice loin primal were $5-6 higher. They are starting a turnaround for grilling now and well above the last couple of years.     

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