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Agricultural News


Ed Czerwien: Boxed Beef Cutout Eases Slightly After Record Highs Last Week

Mon, 27 Jan 2014 12:15:28 CST

Ed Czerwien:  Boxed Beef Cutout Eases Slightly After Record Highs Last Week
The daily spot choice box beef cutout ended the week last Friday at $237.26, which was $5.55 higher than the previous Friday but with only 543 loads sold for the week in the daily boxed beef cutout. However this cutout had been over $240 on Wednesday, but dropped almost $3 by Friday.


The comprehensive or average choice cutout which includes all types of sales including formula exports and out-front, was at $226.59 and was $11.32 higher and volume continues to be good but dropping back slightly each week.


The total reported boxed beef volume was 6,082 loads, which was 283 loads lower than last week but still very good considering the new all-time high prices.


The formula trade was at 3,367 loads which was 55 percent of the total loads sold and up only 16 loads from last week, making it just about steady.


The out-front sales were 921 loads which was 119 loads less than the previous week.


Exports were at 766 loads which were 71 loads lower than last week.


In the spot trade for the primal cuts, most items were dramatically higher again except ribs which were 2-5 lower. Rounds and chucks were 16-24 higher setting new all-time record highs again this week.   Loins were 3-4 higher and 50- percent trimmings were steady early in the week but almost 15 lower by Friday.


The cow cutout was about 1.5 higher and ninety percent trimmings were about 2.9 higher.



   
   

Beef prices ease slightly at week's end following record highs on Wednesday.
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