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Rib primal jumps higher again

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 $211.96, which was only $0.62 lower compared to the previous Friday. It still continues well over last year; the same day last year it was $203.25. The daily Choice loin primal dropped $1 by Friday but the rib primal was $3 higher, improving again for the fourth week. In fact, the rib then jumped $7 higher on Tuesday, October 8, which pushed the cutout $2.5 dollars higher on that one day alone. It turned around and started higher now which is very similar to previous years, but just a little earlier.

 

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