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


Boxed Beef Sales and Imports Remain Strong

Tue, 05 May 2015 09:55:49 CDT

Boxed Beef Sales and Imports Remain Strong On a regular basis, Ed Czerwein of the U.S. Department of Agriculture 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 May first. The daily spot Choice box beef cutout ended the week last Friday at $254.64 which was $2.35 lower. There were 841 loads sold for the week in the daily box beef cutout. It was about 13 percent of the total volume. Once again the daily cutout has shown the tendency to be higher early in the week as retailers reorder after the busy weekend, but then drop later in the week. 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 including the daily spot cutout was $255.46 which was 2.11 lower. There were 6,572 total loads sold which was 90 loads higher than the previous week.   The formula sales were at 3,363 loads which was 105 loads higher than last week and are about 51 percent of the total loads sold.   


Exports were at 683 loads which was 237 loads lower. Sales to our North American Free Trade Agreement neighbors totaled 239 loads and 444 loads were shipped overseas.


The out front sales were at 1,049 loads which was 48 loads lower than last week.   The biggest out front sales were brisket with about 1.3 million pounds and the average price was $14 -16 below current formula prices, about a million pounds of round products that were priced $7 - 18 below current prices and a few middle meat items from the loin that were priced $32 - 86 below current formula prices.


Taking a look at the primal cuts, the choice chuck, and round primals were $4 lower. The rib was $1 lower after many weeks of a strong rally. The Choice loins did continue to climb and were 2 higher. In the last week and a half the 50 percent trimmings fell from 130 down to 90 on Friday.


The cow cutout and the 90 percent trimmings were both around 1-1.5 lower.   The Cow cutout was at $233.34 and the Select cutout dropped almost 4.5 and was at $243.22 lowering the spread to about $10.


The latest report of imported meat passed for entry into the US for April 25 showed that week we imported 26,304 metric tons of fresh beef which was 1,300 metric tons lower than the previous week and equates to over 57 million pounds imported for that one week. Year-to-date for the first 17 weeks of this year we are still running 39 percent higher fresh beef imports than last year and that is on top of last years jump in imports. Australia was 78 percent higher and New Zealand was up 30 percent.

   

   

Listen to Ed Czerwein as he reports on the weekly wholesale boxed beef trade.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Thursday Preopening Market Update with Dave Lanning  Thu, 02 Apr 2020 07:01:56 CDT
  • Feeder Steer and Feeder Heifers Lower at OKC West - El Reno  Thu, 02 Apr 2020 05:45:50 CDT
  • NCBA and OCA Cheer Congressional Letter to USDA Urging Immediate Help for Beef Cattle Producers  Wed, 01 Apr 2020 22:31:40 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, April 1, 2020  Wed, 01 Apr 2020 18:25:50 CDT
  • Wednesday, April 1, 2020 Market Wrap-Up with Justin Lewis  Wed, 01 Apr 2020 15:21:56 CDT
  • Lucas Joins Colleagues Urging USDA to Provide Immediate Assistance to Cattle Producers  Wed, 01 Apr 2020 15:08:49 CDT
  • Oklahoma Leopold Conservation Award Seeks Nominees  Wed, 01 Apr 2020 12:36:47 CDT
  • Large Meat Supplies Keeping a Lid on Long-Term Outlook, Says Katelyn McCullock, Livestock Marketing Information Center  Wed, 01 Apr 2020 10:20:58 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.