Agricultural News
Boxed Beef Trade Closed Last Week on a Lower Note
Mon, 10 Jun 2013 15:04:58 CDT
Ed Czerwien, USDA Market News, Amarillo, Texas, files this report for boxed beef trade ending June 7, 2013:
The daily spot Choice box beef cutout ended the week at $201.57, which was $5.08 lower. Volume finally breaks out of the 700 load range and was 940 loads for the weekly total for the daily spot load count. The Comprehensive Choice cutout, which is the weekly average of all types of sales (including the spot trade, formula trade, export sales and out-front sales) was at 204.27, which was 2.47 lower than last week. The total reported Box Beef volume was 6,915 loads which was 202 loads more than last week. The formula trade was 3,342 loads for the week which was 260 loads less than last week and about 48 percent of the total sales.
The out-front sales were 932 loads which were 72 loads more than last week. Exports reported 877 loads which was 104 loads less than the previous week. The NAFTA exports represented 284 of those loads and 593 loads were shipped overseas.
The most recent 10 week rolling Boxed Beef sales average was 6,978 loads per week which compares to 7,202 loads per week last year at this same time and was 224 loads less than last year's average.
The primal cut trade portion of the spot trade was lower in all regards with the middle meats showing the biggest declines but they had enjoyed the largest increases in recent weeks. The outside primal cuts (rounds and chucks) prices were 1-3 lower. The inside primal cuts, the loin and rib, were steady to nine lower as they succumbed to the post-holiday drop.
The cow cutout was about one lower after showing some strength early in the week. The 90 percent trimmings lost about $2.00 for the week.
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