Once again the Boxed Beef Trade Moves Higher with finished cattle trade steady- Audio Comments with Ed Czerwin for week ending February 24Mon, 27 Feb 2012 13:00:17 CST
According to Ed Czerwin of the USDA Market News Office in Amarillo, Texas, wholesale boxed beef prices continued to rise last week with the spot choice up $7.00 from the previous Friday which was the highest level since the week before Thanksgiving 2011. However, the total loads were down considerably last week meaning retailers may be reluctant to buy too far in the future at these current prices.
The weekly finished cattle trade was steady in the Southern Plains and steady to a $1.50 lower in the North. The Southern Plains saw $129 cash in light to moderate trade Friday. It was Friday evening before business was done. The average weight from the Texas Panhandle was 1232 pounds, the same as last week.
You can hear Ed Czerwin’s complete report by clicking on the listening bar below.
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