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


Agricultural News

Boxed Beef Report Shows Importance of Overseas Markets

Mon, 03 Nov 2014 15:15:50 CST

Boxed Beef Report Shows Importance of Overseas Markets

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 November 1. The daily spot choice box beef cutout ended the week last Friday at $251.20 which was a $3.79 higher than the previous week but topped out on Wednesday over $253.6 then dropped $2.43 by Friday. During the past two weeks prices firmed up early in the week when buyers restocked shelves after the weekend only to fall late in the week. There were 735 loads sold for the week in the daily box beef cutout, and was about 12 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 $249.74 which was 2.05 higher and was no doubt helped by the bigger increase in the daily cutout. The total reported box beef volume took a big drop and was 6,221 loads which was 960 loads less than the previous week.   

The formula sales held up very well and were at 3,441 loads which was only 74 lower than last week and 55 percent of the total loads sold.

Exports as reported on the weekly box beef report are predominately muscle cuts and they were only at 699 loads which was 280 loads lower than the previous week.   Only 98 loads were sold to our NAFTA Neighbors who traditionally have been some our biggest trading partners and 601 loads were shipped overseas. Overseas shipments have become the cornerstone of our export efforts in the last few years.

The most recent out-front sales really dropped as prices increased and were at 686 loads, which was 512 loads lower.

The cow cutout and ninety percent trimmings both ended the week on Friday mostly steady which had been the case during most of October.



Listen to Ed Czerwein as he reports on the weekly wholesale boxed beef trade.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday April 3, 2020  Sat, 04 Apr 2020 16:32:49 CDT
  • Friday, April 3, 2020 Market Wrap-Up with Justin Lewis  Fri, 03 Apr 2020 15:39:59 CDT
  • Global Changes Could Impact U.S. Farmers' Spring Planting Intentions Says USDA Chief Economist Rob Johansson  Fri, 03 Apr 2020 14:30:08 CDT
  • Despite Global Challenges, U.S. Pork and Beef Exports on Record Pace through February  Fri, 03 Apr 2020 14:07:52 CDT
  • USDA Adds Additional Flexibilities for Crop Insurance to Support America’s Farmers and Ranchers  Fri, 03 Apr 2020 13:18:47 CDT
  • Coronavirus Impact Ripples Across Farm Country  Fri, 03 Apr 2020 14:15:59 CDT
  • *Deadline Extended* OKFB Accepting Applications for $1,000 Scholarships  Fri, 03 Apr 2020 11:39:47 CDT
  • National Sorghum Producers to Open Board Director Applications  Fri, 03 Apr 2020 10:17:47 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.