Boxed Beef, Out-Front Sales, Exports Drop SharplyMon, 05 Aug 2013 15:05:38 CDT
Ed Czerwien, USDA Market News, Amarillo, Texas, files this report for boxed beef trade ending August 3, 2013:
The daily spot Choice box beef cutout ended the week at $187.21, which was just about steady. Volume was only 831 loads for the week and thatís about 12 percent of the total boxed beef sales for the week.
The Comprehensive Choice cutout was $187.57, down $2.26 from the previous week. The volume was dismal considering the big drop in prices.
The total reported Box Beef volume was 6,719 which was 406 fewer loads than the previous week. The formula trade was 3,353 loads which was only four loads more than last week and about 49% of the total sales.
The out-front sales were quite a bit worse at 910 loads which was 472 loads less than last week when itís normally higher for those Labor Day bookings.
Exports dropped quite a bit also with only 701 total loads sold which is 283 loads less than the previous week. The NAFTA exports were just about steady with 239 loads and 462 loads shipped overseas. That was down 276 loads from the previous week.
The outside primal cust were steady to two dollars higher. The inside primal cuts, which are loins and ribs, were mostly four to eight dollars lower except those choice ribs that showed just a little firmness.
Fifty-percent trimmings firmed up a little, but traded in a very narrow range all week.
You can hear Ed's full report by clicking on the LISTEN BAR below.
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