Meat Market Update | Prices up, but lower year over year, as grilling rally continues

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 daily spot Choice box beef cutout ended the week last Friday at $230.97 which was $2.67 higher compared to previous Friday. This is on the heels of the daily Choice Rib and Loin primals that were $2-8 higher. However, two weeks ago the daily Choice cutout started the week only $.04 lower than last year, but ended on Friday about $17 lower than last year, so a good rally, but again, not quite as good as last year. The daily Choice Rib primal, which is quite often the main driving force in the grilling season rally, finished the week on Friday up $2 at $380 but last year it was $406 and had jumped $17 during the same week.

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