Ed Czerwien, USDA Market News reporter in Amarillo, TX, provides us with the latest outlook on boxed beef prices and the weekly cattle trade.
In this week's trade, the Daily Spot Choice boxed beef cutout was up by 3.63 over previous week, closing at 204.60. However, the weekly total for daily spot volumne was at a yearly low of 602 loads. This was only about 8.9% of the total sales for the week. The average choice cutout, which includes all types of sales along with the spot trade, was up from the previous week.
You might also like: