Agricultural News
Retailers Restocking Meat Shelves After Labor Day
Mon, 08 Sep 2014 11:54:01 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 September 6th. Click on the LISTEN BAR below to listen to Ed's comments about the weekly boxed beef trade.
The daily spot choice box beef cutout ended the week last Friday at $248.67 which was $2.37 higher than the previous week. There were 925 loads sold for the week in the daily box beef cutout, which was another big week as retailers bought product to restock shelves after Labor day and was about 13 percent of the total volume.
The comprehensive or weekly average choice cutout which includes all types of sales was $247.74 which was 48 cents higher with good volume
The total reported box beef volume of 7,165 loads was 587 loads less than the previous week. That makes three weeks in a row of large load counts which really points to good movement for the Labor day grilling weekend.
Exports climbed and were at 958 loads which was 158 loads higher than last week and much more in line with numbers that we have seen during much of the last couple of years. The formula sales were close to the previous week and were at 3,133 loads which was about 44 percent of the total loads sold and only 138 loads less than last week.
The out-front sales continue to rock along at higher volumes and were 1,656 loads which was 138 loads less than the previous week but close to double the volume during much of mid summer. Long term forward contract volume dropped back down.
The cow cutout was only about 75 cents higher and the ninety percent trimmings which is the major product from cow carcasses was about steady.
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