Finished Cattle and Boxed Beef Prices End the Week of February 18th Higher.Mon, 20 Feb 2012 13:46:37 CST
According to Ed Czerwien, USDA Market News Office in Amarillo, Texas, last week choice boxed beef prices rose nearly $4.00 from the previous week, to 190.45. The choice/select spread ended up being $4.56 for the week ending Friday, February 17. Those numbers are based on 942 loads which was the smallest weekly spot sales during February. Czerwien says the export trade was also up last week.
The finished cattle trade was mostly $5.00 higher for the week Friday. There were instances of $6.00 higher trade. In the Southern Plains, cash cattle trade was mainly at the $129 mark with a few sales at $129.50.
He says the reduced kills the previous few weeks have helped packers improve the boxed beef cutouts and sales, which in turn supported higher cattle prices.
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