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

advertisements
   
   
   
   
   
   

Agricultural News


Weekly Boxed Beef Trade for Week Ending June 7

Mon, 16 Jun 2014 15:28:28 CDT

Weekly Boxed Beef Trade for Week Ending June 7


The daily spot choice box beef cutout ended the week last Friday at 231.87 which was 1.00 higher than the previous week. There were 869 loads sold for the week in the daily box beef cutout, which was about 12 percent of the total volume.


The comprehensive or weekly average choice cutout which includes all types of sales was 229.55 which was only 23 cents lower.


The total reported box beef volume was 7,281 loads which was 155 loads higher than the previous week and two weeks in a row above 7,000. The total sales continued to improve as retailers purchased product to refill shelves after Father's day, which would mean they had pretty good sales for this big grilling weekend.


Exports were really good at 1,082 loads which were 348 loads more than last week. The formula trade was at 3,622 loads which was about 50 percent of the total loads sold and 82 loads more than last week as retailers bought product to restock shelves.


The out-front sales were 1,269 loads which was 57 loads more than the prev week.   However last year as well as previous years we normally have over 1,600 loads but that has been more normal this year as meat buyers have been reluctant to book large amts of product and have been buying the product as they need it.


The weekly average prices for choice primal cuts were unchanged to three lower for the chucks, rounds, and loins but two better for the rib primal which puts it within 1 dollar from the big top that was posted last December.


The cow cutout which is a major source of ground beef products was about 2.35 higher at 198 and ninety percent trimmings about 2.90 higher. In fact the cow cutout had not moved much in the past seven weeks.   We started the big cow cutout rally at about 155 the first of December, peaked 205 in Mid March then leveled out where we are today.    Apparently after that big price jump in cow products there was a significant import jump that softened the impact of reduced cow numbers keeping prices more subdued and steady. We also saw a lot more chuck and round products ground during that time period also.



   

   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Emergency Drought Commission Approves Three Million Dollar Cost Share Program to Push Back Against Drought  Sat, 01 Oct 2022 15:07:05 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 30, 2022  Fri, 30 Sep 2022 16:43:53 CDT
  • Chairman David Scott Releases Statement Congratulating Vincent Garfield Logan on His Confirmation to Farm Credit Administration Board  Fri, 30 Sep 2022 15:07:33 CDT
  • Op-Ed from Kenneth Corn: USDA- We Serve Rural Communities Too  Fri, 30 Sep 2022 14:57:02 CDT
  • Hard Red Winter Wheat production lowest since 1957  Fri, 30 Sep 2022 14:44:28 CDT
  • Latest Southern Plains Perspective Blog: Hot, dry, dust and smoke all outside the back door.  Fri, 30 Sep 2022 13:47:21 CDT
  • Wheat Production Estimates for Oklahoma Fall Six Percent from August to September   Fri, 30 Sep 2022 12:16:36 CDT
  • Younger Cows are Starting to Come to Town, Says Bob Rodenberger  Fri, 30 Sep 2022 10:46:55 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.