Agricultural News
Weekly Boxed Beef Trade for Week Ending May 31
Mon, 02 Jun 2014 17:23:01 CDT
The daily spot choice box beef cutout ended the week last Friday at $232.66 which was only 68 cents higher than the previous week because it dropped on Thursday and Friday. There were 699 loads sold for the week in the daily box beef cutout, which was about 11 percent of the total volume. These daily cutout prices jumped early in the week as retailers restocked shelves but then backed off.
The comprehensive or weekly avg choice cutout which includes all types of sales was $230.70 which was $3.45 higher.
The total reported box beef volume was 6,196 loads which was 780 loads lower than the previous week. Total sales normally slip a little after we get done restocking shelves after a big holiday.
Exports were at 950 loads which were 166 loads less than last week. The formula trade was at 3,198 loads which was 179 loads less than last week. It was about 52 percent of the total loads sold.
The out-front sales were 977 loads which was 337 loads less than the prev week. There were very few middle meats sold outfront since there were less than 200,000 lbs of strips and ribeyes which is not normal since they are usually the focus this time of the year. The big items this week were round and brisket products but even they only had a little over half million lbs sold outfront.
In the spot trade for the primal cuts the prices were particularly higher on middle meats which is usual this time of the year. The outside primals which are the rounds and chucks were steady to 2 higher. The middle meats which are ribs and loins were 1 to 5 higher and supported by the grilling season.
The cow cutout was just about steady and ninety percent trimmings were fully steady.
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