Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Boxed Beef Cutout Showing Weakness Last Week

Mon, 07 Apr 2014 14:43:20 CDT

Boxed Beef Cutout Showing Weakness Last Week
The daily spot choice boxed beef cutout ended the week last Friday at $228.74 which was $5.72 lower than the previous week. There were 737 loads sold for the week in the daily boxed beef cutout, which was ten percent of the total volume.

The comprehensive or average choice cutout which includes all types of sales including formula exports and out-front, was $233.14 which was $5.40 lower and following the big decline in the daily cutout.

The total reported boxed beef volume was 6,710 loads, which was steady with last week. Exports were at 775 loads which was 136 loads less than last week and almost 12 percent of total sales.

The formula trade was at 3,220 loads which was 65 lower than the last week. It was about 48 percent of the total loads sold this week

The out-front sales were 1,230 loads which was 75 loads more than the previous week. The big items this week were about the same as last week with roughly 2.8 million pounds of brisket, round and a small amount of chuck products which sold mostly $12-$35 below the current formula market. There were very little middle meats sold with less than 200,000 pounds roughly four loads of choice rib and loin products but they sold $33-$36 above the current formula trades. Also there were another 200,000 pounds of select middle meats.

In the spot trade for the primal cuts the trade was mixed with all primals except the chuck showing substantial losses. In the outside primals the rounds were $8-$9 lower, but the chucks were steady to $2 higher. The middle meat ribs and loins were $3 to as much as $18 lower.

Live slaughter cow prices at auctions began to decline over the past week in response to the decline in meat prices. The cow cutout dropped over $6 because the main cow beef product which is 90-percent trimmings dropped over $12.


Ed Czerwien recaps last week's boxed beef trade.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. October 5, 2022  Wed, 05 Oct 2022 15:02:36 CDT
  • October 5, 2022, Market Wrap-Up with Justin Lewis  Wed, 05 Oct 2022 14:16:44 CDT
  • Growth Energy Cheers Missouri Biofuel Incentives Signed into Law  Wed, 05 Oct 2022 13:59:17 CDT
  • Congressman Lucas Announces October Town Hall Meetings in Oklahoma Panhandle  Wed, 05 Oct 2022 13:58:09 CDT
  • Upcoming OLAC Workshop to Help Grow Capacity of Local Oklahoma Agriculture   Wed, 05 Oct 2022 12:00:20 CDT
  • OKFB Welcomes Appropriation of Additional Drought-Relief Funds   Wed, 05 Oct 2022 10:58:31 CDT
  • Oklahoma Public Employees Association Endorses Governor Kevin Stitt  Wed, 05 Oct 2022 10:30:51 CDT
  • OSU Extension Reduces Lab Testing Rates for Drought-Stricken Producers  Wed, 05 Oct 2022 10:27:18 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.