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Meat Market Update | Market starts normal decline

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 of November 29 at $232.12 which was only $0.45 lower compared to previous Friday. This drop was after the previous week’s big drop since retailers were reordering beef product for use after Thanksgiving. It still continues well over last year, when the same Friday last year it was $212.61, which about was $1 lower that week. The daily Choice Rib primal was $4 lower by Friday and loin was only $1 lower, but they both improved on Monday, December 2 which pushed the cutout higher, but with smaller volume. Then on Tuesday, December 3, the Choice cutout dropped down over $2 to $230.15, which is not abnormal this time of the year when it usually drops more.

 

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