Weekly Boxed Beef Report with Ed CzerwienTue, 27 Jan 2015 06:46:21 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.
Weekly boxed beef trade for week ending Jan 24 The daily spot Choice box beef cutout ended the week last Fri at 253.74 which was a 6.71 lwr. There were 736 loads sold for the week in the daily box beef cutout. It was about 11 percent of the total volume.
The Comprehensive or weekly avg Ch cutout which includes all types of sales was 257.10 which was 0.72 hgr. There were 6438 total loads sold which was 113 loads higher than the previous week.
The formula sales were at 3639 loads which was 101 loads hgr 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 608 loads which was 44 loads lwr than the previous week. 171 loads were sold to our NAFTA Neighbors and 437 loads were shipped overseas.
Taking a look at the primal cuts, The choice chuck, rib, and loin primal cut prices were 1-3 hgr and the round primal was about 4 lwr. Last year at this time we saw a dramatic rise in the chuck and round primals because of the demand for grinding parts of them for ground beef. This year we have an enormous increase in imports of fresh beef which is predominately trimmings which goes into ground products.
The most recent out-front sales were at 760 loads which was 146 loads lwr than last week and means that meat buyers are starting to get cautious again.
The Cow Cutout was 1.28 lwr and the ninety percent trimmings were 1.73 lwr. The cow cutout was at 238.59 on Friday and the Select cutout was 247.23.
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