The weekly average Choice cutout which includes all types of sales including the daily Choice cutout was $203.71, up .87 cents from the previous week. It was no doubt pulled higher by the rising Choice rib primal that was helped by out-front sales.
The biggest out-front sales this week included a whopping 3.4 million lbs of Choice bone-in ribeye that had an average price $8/cwt. higher than the average formula price. The Choice rib primal normally starts a very big rally during the fall ahead of the Christmas party season when prime rib is a very big part of company employee parties but might be starting that earlier this year.