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Meat Market Update | Steady boxed beef cutout continues

Video-Meat Market Update | Steady boxed beef cutout continues

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

The daily spot Choice box beef cutout ended the week last Friday at $213.42, which was just slightly higher compared to previous Friday. The same day last year it was $204.17, so it's year over year gains continue.

Deep diving in, the daily Choice rib primal was almost $3 higher and the loin primal was about $2 higher. The Choice rib primal ended the week $32 per cwt higher than the same day last year which has also helped to keep the Choice-Select spread much higher than 2018.

The weekly average Choice cutout, which includes all types of sales, including the daily Choice cutout was $211.09 which was $1.39  lower, even though the daily cutout was 62 cents higher. The daily sales numbers only included 719 loads. There were 7,151 total loads sold for the week which was a high number and 233 loads higher than the previous week. 

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