Agricultural News
The latest Boxed Beef report from Ed Czerwein
Tue, 03 Mar 2015 06:46:35 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 Feb 28 The daily spot Choice box beef cutout ended the week last Fri at 247.58 which was 7.27 higher. There were 590 loads sold for the week in the daily box beef cutout. It was about 10 percent of the total volume.
The Comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was 242.63 which was 2.86 higher. There were 5872 total loads sold which was 773 loads lower than the previous week and the lowest non holiday week in the last year. The formula sales were at 3318 loads which was only 29 loads lower than last week and are 56 percent of the total loads sold.
The most recent out-front sales were at 653 loads which was 353 loads lower than last week. Exports as reported on the weekly box beef report are predominately muscle cuts and they were at 603 loads which was 261 loads lower than the previous week. 87 loads were sold to our NAFTA Neighbors and 516 loads were shipped overseas.
Taking a look at the primal cuts, the choice loin, chuck, and round primals were 3-4 higher and the rib was 5 higher.
The Cow Cutout was 1.27 higher and the ninety percent trimmings were 1.03 higher last Friday. The cow cutout was at 228.44 and the Select cutout was 245.57 on Friday widening the spread to 17 dollars.
The latest report of imported meat passed for entry into the US for Feb 21 showed that week we imported 18,534 metric tons of fresh beef which is down about 3500 metric tons but still equates to almost 41 million pounds imported for that one week. Year to date for the first 8 weeks of this year we are running 61 % higher fresh beef imports than last year and Australia is up 122 %, providing the biggest individual chunk of the imports and New Zealand is up 48 % and are the second largest country. Year to date we have increased imports 145 million lbs.
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