Boxed Beef Trade Higher as Consumers Restock After the Holidays, Ed Czerwien SaysMon, 06 Jan 2014 14:37:01 CST
The boxed beef trade ending last Friday, January 4, closed much higher as consumers begin restocking their freezers with beef after the Christmas holidays according to the USDA's Ed Czerwien reporting from Amarillo, Texas.
The daily spot choice boxed beef cutout closed at $202.41 which was $5.42 higher than the previous week. But, only 504 loads were sold for the week.
The comprehensive or average choice cutout was at $200.21 and that was $3.23 higher on the week.
The total boxed beef volume was 5,602 loads which was 528 loads higher than the previous week. This was the smallest weekly sales volume since Christmas week of 2008.
Exports were at 519 loads which was 82 loads fewer than last week.
You can listen to Ed's full analysis of last week's trade by clicking on the LISTEN BAR below.
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