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Meat Market Update | January exports prove impressive

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

While export volume might have ended the week lower than the previous week's big number, it's still three large weeks in a row. There were 1135 loads this week, down 316 loads week over week. In total, there have been 3800 loads over the laast week weeks. Exports are starting this year out very high and pushing the four-week moving average graph higher than anytime last year. The two red spots on the graph below show this same week this year and last year, so you can see how much higher that volume is now.

Weekly Average Exports

The weekly average Choice cutout was $213.59, which was $0.21 higher even though the daily cutout was lower. It was no doubt helped by the out-front sales again.  

There were 6,685 total loads sold for the week, which was 322 loads lower than the previous week but still a good volume. In fact, the last four weeks are now higher than any of the previous four years. All in all, we are starting the new year out much higher, partially because of tremendous export loads sold during the last three weeks.

 

 

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