Boxed Beef Sales, Prices Increase from Last WeekMon, 12 Aug 2013 17:33:55 CDT
Ed Czerwien, USDA Market News, Amarillo, Texas, files this report for boxed beef trade ending August 10, 2013:
The daily spot choice box beef cutout ended the week at 188.99, which was 1.78 higher. Volume was 822 loads, which was about the same as last week and 12 percent of the total boxed beef sales.
The comprehensive choice cutout, which is the weekly average of all types of sales was at 188.28, which was 0.71 higher than last week and volume that was improved slightly.
The total reported boxed beef volume was 6,996 loads which was 205 loads more than last week. The formula trade was 3,556 loads for the week which was 203 loads more than last week, accounted for most of the total increases, and was about 51% of the total sales.
The out-front sales were better at 1,039 loads which were 129 loads higher than last week.
Exports jumped a little also with 795 total loads sold which was 94 loads higher than the previous week. The NAFTA exports were slightly lower and overseas exports were 142 loads better.
In the primal cut trade portion of the spot trade improved as retailers began purchasing spot product for pre Labor Day sales. The outside primal cuts (rounds and chucks) prices were one to two higher. The inside primal cuts, the loin and rib, were mostly firm to three higher except select loins which showed some weakness. Fifty-percent trimmings were totally steady and traded in a very narrow range all week.
The most recent ten-week rolling Boxed Beef sales average was 7,140 loads per week which compares to 7,372 loads per week last year and was 232 loads less than last year’s average.
You can hear Ed's full report by clicking on the LISTEN BAR below.
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