Falling Cut Out Prices, Boost Boxed Beef Sales to Highest Levels Since Mid-JulyMon, 21 Sep 2015 18:43:37 CDT
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 August 19th. Click on the LISTEN BAR below to listen to Ed's comments about the weekly boxed beef trade.
The daily spot Choice box beef cutout ended the week last Friday at $226.30, which was $9.79 lower. That was on top of the three previous weeks of falling cut out prices. There were 864 loads sold for the week in the daily boxed beef cutout. That was the largest number since mid-July and that was 13 percent of the total volume.
The comprehensive or weekly average Choice cutout, which includes all types of sales, including the daily spot cutout was $232.66. That was $2.90 lower.
There were 6,778 total loads sold, which was 438 loads higher than the previous week. The formula sales were at 3,483 loads. That was 318 loads higher than last week and was 51 percent of the total loads sold.
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