Meat Market Update | Market follows normal seasonal swings

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 Choice cutout is following the previous years very closely where we saw a short decline around Easter, but then a very high rebound topping out around Father’s Day. There were large out-front sales again this week that included longer-term forward contracts the last two weeks. The weekly average Choice Loin and Rib primals were both $7-8 lower during the Easter season pushing the cutout lower, but should normally rebound soon as we get deeper into the grilling season. Weekly sales volume was high the past two weeks, getting very close to 7,000 loads for each week and helped out with those bigger out-front sales.

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