Volume Rises as Cutout Value Falls in Weekly Boxed Beef Trade SummaryMon, 18 Aug 2014 23:16:15 CDT
On a regular basis, Ed Czerwein of the USDA Market News Office in Amarillo, Texas offers a review of the previous week's boxed beef trade. Here is the weekly boxed beef trade for week ending Aug 16:
The daily spot Choice box beef cutout ended the week last Fri at 255.54 which was 4.91 lower than the previous week. There were 841 loads sold for the week in the daily box beef cutout, one of the biggest weeks in some time, and was about 12 percent of the total volume.
The Comprehensive or weekly avg Choice cutout which includes all types of sales was 254.75 which was 3.94 lower, and followed the daily cutout downward. However the big news for the week was that the total volume jumped almost 1000 loads.
The total reported Box Beef volume of 6935 loads was 961 loads more than the previous week.
Exports climbed a little and were at 572 loads which was 77 loads higher than last week but quite a bit lower than the 800-1000 loads per week that we saw during much of the last couple of years. The formula sales were almost the same as the previous week and were at 3379 loads which was about 49 percent of the total loads sold and only 16 loads less than last week.
The out-front sales really jumped quite a bit being over double the volume and were 1225 loads which was 695 loads more than the prev week.
The Cow Cutout was about 3 dollars higher and those 90 percent trimmings were 4 dollars higher.
Click on the LISTEN BAR below to listen to Ed's comments about the weekly boxed beef trade.
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