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Meat Market Update | Steak is on the menu for Valentine's Day

Video-Meat Market Update | Steak is on the menu for Valentine's Day

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.

There were big out-front sales this week aimed at Valentine’s Day with about 6 million pounds of ribeye and loin steak products booked. This is a normal seasonal event every year which provides a very large spike in out-front sales. The most recent Cold Storage report showed total beef up a little compared to the previous month, but well below last year.

TAGS: Marketing
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