Big Volume Jump In Boxed Beef TradeMon, 27 Oct 2014 15:42:30 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 October 25 The daily spot choice box beef cutout ended the week last Friday at $247.41 which was a $1.75 lower than the previous week but topped out on Wednesday at 251 then dropped 3.6 by Friday. There were 939 loads sold for the week in the daily box beef cutout, and was about 13 percent of the total volume.
Click on the LISTEN BAR below to listen to Ed's comments about the weekly boxed beef trade.
The comprehensive or weekly average choice cutout which includes all types of sales was $247.69 which was almost 1 higher (0.98) and was very close to the Friday daily cutout. The total reported box beef volume was 7,181 loads which was 1,066 loads more than the previous week and a big jump.
The formula sales were at 3,515 loads which was 88 higher than last week and 49 percent of the total loads sold. Exports as reported on the weekly box beef report are predominately muscle cuts and they were at 979 loads which was not quite but almost double the volume and 440 loads higher than the previous week.
The most recent out-front sales were at 1,198 loads, which was up 526 loads. The biggest trades were round and brisket products which were mostly steady but some products were slightly lower and some slightly higher than the current week's formula sales.
The cow cutout and ninety percent trimmings both ended the week on Friday fully steady.
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