Agricultural News
Boxed Beef Sales Jump with Steadier Prices
Mon, 10 Nov 2014 14:57:41 CST
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 8th. The daily spot choice box beef cutout ended the week last Friday at $249.11 which was a $2.09 lower after firming up on Wednesday. There were 830 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 $249.43 which was almost steady since it was only 31 cents lower. The total reported box beef volume jumped a little with the steadier prices and was 6,794 loads which was 573 loads higher than the previous week.
The formula sales held up very well again and were at 3,638 loads which was 197 loads better than last week and 54 percent of the total loads sold.
Exports as reported on the weekly box beef report are predominately muscle cuts and they were at 767 loads which was only 68 loads higher than the previous week. 124 loads were sold to our NAFTA Neighbors and 643 loads were shipped overseas.
The most recent out-front sales were at 978 loads, which was 292 loads higher than the previous week.
The cow cutout and ninety percent trimmings both ended the week on Friday mostly steady to firm both increasing less than a dollar. This has been the case during much of the fall due primarily to the value of the ninety percent trimmings and the demand for ground beef. The cow cutout was actually at $234.21 on Friday and the select cutout was $238.07 so they were less than $4.00 apart.
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