Agricultural News
Boxed Beef Report Ending the Year a Mixed Bag- Ed Czerwein Reports
Mon, 28 Dec 2015 17:53:56 CST
Mondays, USDA Market News Reporter Ed Czerwein reports on the weekly boxed beef numbers as released by the Agency. Czerwein is based in Amarillo, Texas. Click on the LISTEN BAR at the bottom of the written commentary to hear Czerwein's comments about this weekly report.
Here is the weekly boxed beef trade for week ending December 26th. The daily spot Choice box beef cutout ended the week last Friday $197.63 which was $3.49 hgr compared to the previous Friday. There were 673 loads sold for the week in the daily box beef cutout compared to 697 loads the previous week.
The Comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was $192.41 which was $5.27 lower.
There were 5652 total loads sold which was 638 loads lower than the previous week but it was almost 200 loads better than last year. The formula sales were at 2682 loads which was 573 loads lower than last week and was 47 percent of the total loads sold this week.
Exports as reported on the Boxed Beef report represent primarily muscle cuts and were at 690 loads which was 65 higher. 148 loads were sold to our NAFTA Neighbors and 542 loads were shipped overseas.
The out-front sales which won't be delivered for at least 22 days were 1149 loads which was 72 loads higher than last week and normally improves now as buyers book product for after the holidays.
Taking a look at the weekly average primal cut prices- the Choice middle meats which includes the rib which jumped tremendously during the last two months was 44 dollars lower and the loin was steady. The Choice chuck and round primals were steady to $1 lower.
The daily Cow Cutout was $3.12 higher for the week on Friday at $161.27. Those ninety percent trimmings ended the week at $196.26 which was almost $6 higher.
The latest report of imported meat passed for entry into the US for week ending December 19 showed that week we imported 14,758 metric tons of fresh beef which was almost 2000 metric tons lower. Year to date for the first 51 wks of this year we are running 16 % higher fresh beef imports than last year.
The year to date numbers have been dropping each week but are still above a year ago because of the massive jump that took place earlier in the year.
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