Boxed Beef Trade Slides Lower for the WeekMon, 17 Feb 2014 15:16:18 CST
The daily spot choice boxed beef cutout ended the week last Friday at $207.68 and was $3.09 lower than the previous Friday. There were 898 loads sold for the week, which was 14 percent of the total volume and the highest percent it has been in some time.
The comprehensive or average choice cutout, which includes all types of sales including formula exports and out-front, was $208.46 which was $9.28 lower. The daily spot choice and the average choice finally came together and were less than a dollar different at the end of the week.
The total reported boxed beef volume was 6,575 loads, which was 450 loads higher than last week. Exports were at 701 loads which was 141 loads higher than the previous week.
The formula trade was at 3,223 loads which was unchanged from the last week. It was about 49 percent of the total loads sold this week.
The out-front sales were 831 loads which was 208 loads higher than the previous week.
In the spot trade for the primal cuts the trade was lower on ribs, loins and rounds but chucks firmed up. The inside primals, which are loins and ribs, were one to nine lower. In the outside primals, the rounds were three to six lower, but chucks were steady to two higher.
The cow cutout was $5.50 higher driven by the $9.00 increase in the 90-percent trimmings.
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