Ed Czerwien, USDA Market News reporter in Amarillo, TX, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.
The Daily Choice Cutout closed the week on Friday, Jan. 25 at $237.26, which was $5.55 higher than the previous week, with 543 loads sold for the week. This was about 9% of the total sales for the week. However, the week ending price was down from the mid-week high of $240.
Out-front sales have been dragging behind previous years for much of the last few months. This indicates a reluctance by buyers to committ to purchases ahead, which has forced more buyers into the negotiated trade at the same time causing wider swings in prices for short-periods of time.