Agricultural News
Ed Czerwien: Boxed Beef Trade Finishes the Week on a Somber Note
Mon, 29 Jul 2013 15:02:34 CDT
Ed Czerwien, USDA Market News, Amarillo, Texas, files this report for boxed beef trade ending July 26, 2013:
The daily spot Choice box beef cutout ended the week at 148.15, which was $2.07 lower. Volume was only 812 loads for the weekly total of the daily spot load count was about 12 percent of the total boxed beef sales for the week.
The Comprehensive Choice cutout, choice is the weekly average of all types of sales (including the spot trade, formula trade, export sales and out-front sales) were at $189.83, choice was lower than last week.
The total reported Box Beef volume was 7,197 loads choice was 340 loads more than last week. The formula trade was 3,349 loads for the week choice was 109 loads more than last week and about 48% of the total sales.
The out-front sales were 1,382 loads which was 191 loads less more than last week. Exports reported 984 loads which was 35 loads more than the previous week. The NAFTA exports represented 246 of those loads and 738 loads were shipped overseas.
The Primal cut trade portion of the spot trade was uneven with small increases on most cuts but up to 17 lower on the loin. The outside primal cuts (Rounds and Chucks) prices were steady to $3 lower. The inside primal cuts the Loin and Rib were mixed with Ribs and the Select Loins were steady to $2 lower $4 to $14 except select ribs which were steady.
You can hear Ed's full report by clicking on the LISTEN BAR below.
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