Weekly Box Beef Surpasses All-Time RecordMon, 07 Jul 2014 15:30:12 CDT
In the weekly boxed beef trade for week ending July 5, 2014, the daily spot choice box beef cutout ended the week last Friday at $248.12 which was $2.14 higher than the previous week. There were 545 loads sold for the week in the daily box beef cutout, which was the lowest since January and was about 10 percent of the total volume. Click on the LISTEN BAR below to hear Ed Czerwien of the US Department of Agriculture and his analysis.
The comprehensive or weekly average choice cutout which includes all types of sales was $241.22 which was $3.09 higher, and surpassed the all-time high set at the end of March.
The total reported box beef volume was 5,367 loads which was 1,088 loads less than the previous week and about 800 loads less than last year. This is the smallest week of sales since Christmas week.
Exports were at 652 loads which was 224 loads lower than last week. The formula trade was at 2,761 loads which was about 51 percent of the total loads sold and 625 loads less than last week.
The out-front sales were 885 loads which was 81 loads less than the prevous week and one of the lowest numbers in a long time.
The cow cutout which is a major source of ground beef products was about $5.37 higher at $217.46 and ninety percent trimmings about $8.23 higher.
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