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Meat Market Update

Meat Market Update | Wholesale prices continue downward trend

Boxed beef movement slowed and wholesale prices dipped slightly. But the market remains resilient.

The weekly average Choice cutout, which includes all types of sales including the daily Choice cutout, was $216.08, 49 cents lower even though the daily Choice cutout was almost $2 dollars lower the same week.        

There were 5,832 total loads sold for the week, which was 1,023 loads lower than the previous week. That's a typical seasonal holiday load count.     

Taking a look at the major primal cuts, the weekly average Choice rib primal was $4 higher again for two weeks in a row, regaining most of what it lost two weeks ago. The price jump occurred even though the daily Choice rib primal dropped quite a bit during the week and loin primal was $3 lower. The weekly average Choice chuck was steady and round primal was $2 lower.  

 

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