Ed Czerwien, USDA Market News reporter in Amarillo, Texas, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.
The Daily Choice cutout dropped over $4 during the week and were about 11% of total sales. However, the weekly average Choice cutout only dropped 9 cents because of the impact of other types of sales. In fact, this week the formula sales and out-front sales together were almost 70% of the total sales. Total sales volume was 7,011 loads which were very good again.