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Agricultural News
The Boxed Beef Report for trade ending December 14th.
Tue, 17 Dec 2013 09:42:34 CST
The Boxed Beef Report for trade ending December 14th.
Ed Czerwien has the weekly Boxed Beef Report
The daily spot choice boxed beef cutout ended the week last Friday at $198.89, which was $2.58 lower than the previous Friday with better volume at 881 loads sold for the week in the daily reported spot cutout trade. It represented about 13 percent of the total sales for the week.
The comprehensive or average choice cutout which includes all types of sales including formula exports and out-front, was at $201.57, and was $1.20 lower.
The total reported boxed beef volume was 6,856 loads, which was 85 loads less than last week. Exports were at 632 loads which was 129 loads less than last week. The overseas exports dropped to 370 loads.
The formula trade was at 3,269 loads and was 144 loads less than last week. The formula trade is quite often based on the previous week's spot trade which was much higher and influenced the total increase in prices even though the spot trade was lower this week.
The out-front sales were 1,247 loads which was 109 loads less than last week.
Fifty-percent trimmings ended the week at about $89.00 which was about 10 lower following last week's $10.00 drop.
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