Choice Boxed Beef prices ended higher with the finished cattle trade mostly steady to a half dollar higher for week ending December 15, 2012. - Audio with Ed Czerwien, USDA Market News Office, Amarillo, TexasMon, 17 Dec 2012 16:32:14 CST
Weekly boxed beef trade for week ending Dec 15
The daily spot Choice box beef cutout ended the week at 194.69 which was about 1.75 dollars higher than the previous Friday. The weekly total for the daily spot volume was only 906 loads and represented approx. 12 percent of the total sales.
The Comprehensive Choice cutout, which is the weekly average of all types of sales including the spot trade, formula trade, and out-front trade, etc, was at 192.01, which was 2.83 lower than the previous week even though the spot trade ended the week 1.75 higher. This is an important item because the spot trade was approaching 2 higher and the average of all trades was approaching 3 lower than there had to be an awful lot of product sold WAY under the spot trade to bring the average down that much.
The total reported Box Beef volume was 7278 loads which was 477 loads better than the previous week and the best we have seen in some time. However it was still about 300 loads below the weekly average from the fall of last year.
The formula trade was 3264 loads for the week, which was about 45 percent of the total sales.
The out-front sales were 1546 loads which were about 660 loads above last week and the best number in some time. Retailers are starting to book features for after the first of the year. The export sales were 1052 loads which were 178 loads better than last week.
The general trend in the finished cattle trade was steady to .50 higher at $124.00 to $124.50 cwt with dressed prices $196 to $198 cwt.
The average live weight from the cattle harvested in the Texas Panhandle was 1,287 pounds, 6 pounds higher than the previous week.
You can hear Czerwien’s complete weekly report by clicking on the listening bar below.
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