Weekly boxed beef trade for week ending Apr 11 with Ed CzerwienTue, 14 Apr 2015 08:07:19 CDT
Ed Czerwien, USDA Market News Reporter based in Amarillo, writes and produces a Weekly Boxed Beef Trade Analysis. You can hear his comments about the weekly numbers by clicking on the LISTEN BAR at the bottom of this page.
The daily spot Choice box beef cutout ended the week last Fri at 256.51 which was 94 cents higher but the cutout had been above 259 on wed loosing over 2.5 the last two days of the week. There were 632 loads sold for the week in the daily box beef cutout. It was about 10 % of the total volume.
The Comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was 255.44 which was 4.30 higher. The grilling season has definitely started in most areas which has helped to improve prices especially for steak type middle meats. Last year the Choice Box Beef cutout rallied until early to mid Apr then started its seasonal decline.
There were 5498 total loads sold which was 305 loads lower than the previous week however that compares to a couple of weeks over 7000 last year at this same time. The only weeks that have been lower than this have been holiday shortened weeks. The formula sales were at 3176 loads which was 23 loads lower than last week and are about 58 percent of the total loads sold.
Exports as reported on the weekly box beef report were at 488 loads which was 87 loads lower than the previous week. 128 loads were sold to our NAFTA Neighbors and 360 loads were shipped overseas
The out-front sales were at 640 loads which was 159 loads lower than last week.
Taking a look at the primal cuts, the choice chuck, and round primals were 1-2 lower and The middle meats which are loins and ribs were 12-13 higher and are continuing their tremendous price rally as we move more of the nation into the grilling season.
---- The cow cutout was at 231.50 and the Select cutout was 249.91 on Friday keeping the spread above 18 dollars. The Cow Cutout and the ninety percent trimmings were both very close to steady and appears to be plateaued out.
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