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

advertisements
   
   
   
   
   

Agricultural News


Weekly boxed beef trade with Bob Czerwien for week ending Jan 31

Wed, 04 Feb 2015 05:28:19 CST

Weekly boxed beef trade with Bob Czerwien for week ending Jan 31
   

The daily spot Choice box beef cutout ended the week last Fri at $242.44 which was $11.30 lower. There were 876 loads sold for the week in the daily box beef cutout. It was about 10.5 percent of the total volume.

The Comprehensive or weekly average Choice cutout, which includes all types of sales including the daily spot cutout, was $250.47 which was $6.63 lower. There were 8245 total loads sold which was 1807 loads higher than the previous week.   The formula sales were at 3496 loads which was 143 loads lower than last week and about 42 percent of the total loads sold.

Exports as reported on the weekly box beef report are predominately muscle cuts and they were at 903 loads which was 295 loads higher than the previous week.   176 loads were sold to our NAFTA Neighbors and 727 loads were shipped overseas.

The most recent out-front sales were at 2407 loads which was 1647 loads higher than last week and the biggest numbers that we have seen in a long time. The biggest component of the out front sales this week were 1440 loads of long term contracts which is much bigger than normal.


Taking a look at the primal cuts, the choice chuck, round, and loin primal cut prices were 7-10 lower and the rib primal was about 3 higher.   Last year at this time we saw a dramatic rise in the chuck and round primals because parts of them were ground and used for ground beef.

This year however we have seen an enormous increase in imports of fresh beef which is predominately trimmings and goes into ground beef products.   The latest report of imported meat passed for entry into the US for Jan 24 showed that week we imported 22,786 metric tons of fresh beef which equates to over 50 million pounds for that one week. Year to date for the first 4 weeks of this year we are running 56 % higher fresh beef imports than last year and Australia is up 99 %, providing the biggest individual chunk of the imports and New Zealand is up 50 % and they finally passed Canada in total tonnage year to date. Our high beef prices and the higher value of the dollar are definitely attracting imports.

The big item to watch in recent weeks has been the fifty percent trimmings which sky rocketed for a while after the first of the year but dropped almost 40 dollars during last week alone. They helped push the cutout higher for a while because they are the single largest cut in the cutout but then plummeted. They reached 145 mid Jan then 101 last Friday.

The Cow Cutout was 1.60 lower and the ninety percent trimmings were 1.12 higher last Friday. The cow cutout was at 236.99 and the Select cutout was 235.74 on Friday which inverted the spread.


   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.