Box Beef Sales and Volume Return As Retailers Restock ShelvesMon, 19 Jan 2015 17:24:44 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 January 17. The daily spot Choice box beef cutout ended the week last Friday at $260.45 which was a 3.66 higher but it had been higher on Wednesday. There were only 707 loads sold for the week in the daily box beef cutout which was still supported post-holiday beef purchases but volume started to slip as prices increased. It was about 11 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 $256.38 which was $6.70 higher. There were 6,325 total loads sold which was 314 loads lower than the previous week. Normally the first two weeks of the new year enjoy good numbers both in price and volume as retailers shift back to more beef items and restock shelves and this year definitely followed that scenario.
The formula sales were at 3,538 loads which was 112 loads higher than last week and about 56 percent of the total loads sold. Exports as reported on the weekly box beef report are predominately muscle cuts and they were at 652 loads which was almost exactly the same as the previous week. Sales to our North American Free Trade Agreement neighbors totaled 154 loads and 498 loads were shipped overseas.
The most recent out-front sales were at 906 loads which was only 23 loads lower than last week and still a decent number this time of the year.
The Cow Cutout was $2.08 higher and the 90 percent trimmings were $3.74 higher surpassing the $305 mark. The cow cutout was at $239.87 on Friday and the Select cutout was $250.84. The strong rally on the 90 percent trimmings is on the heels of low seasonal harvest numbers of slaughter cows during the holidays and the normal improvement of ground beef demand after the Christmas holiday season.
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