Wholesale Boxed Beef Ends 2015 on a Higher Note- Ed Czerwein Reports on Weekly TotalsTue, 05 Jan 2016 05:24:52 CST
On a regular basis, USDA Market News Reporter Ed Czerwein reports from the Amarillo USDA Market News Office on the weekly Boxed Beef prices. Here is his report for the final days of trade in 2015.
Here is the weekly boxed beef trade for week ending January second. The daily spot Choice box beef cutout ended the week last Thursday at $212.59, which was $14.96 higher compared to previous Friday. There were 453 loads sold for the week in the daily box beef cutout compared to 673 loads previous week.
The Comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was $200.01 which was $7.60 higher.
There were 4596 total loads sold which was 1056 loads lower than the previous week but it was about 360 loads less than last year. The formula sales were at 2860 loads which was 178 loads higher than last week and was 62 percent of the total loads sold this week and one of the highest percentages we have seen.
Exports as reported on the Boxed Beef report represent primarily muscle cuts and were at 331 loads which was 359 lower. 79 loads were sold to our NAFTA Neighbors and 252 loads were shipped overseas.
The out-front sales which won’t be delivered for at least 22 days were 514 loads which was 635 loads lower than last week.
Taking a look at the weekly avg primal cut prices- the Choice middle meats which includes the rib which dropped 44 dollars last week was 2 hgr and the loin was 9 hgr. The Choice chuck and round primals were 8-12 higher as demand improved after the holidays.
The daily Cow Cutout was $1.95 lower for the week at $159.32. Those ninety percent trimmings ended the week at $191.76 which was $4.50 lower.
The latest report of Imported meat inspected for entry into the US for week ending December 26th showed that week we imported 12,125 metric tons of fresh beef which was almost 2500 metric tons lower. Year to date for the 52 wks of 2015, we are still running 16 % higher fresh beef imports than last year. The year to date numbers have been dropping each week the last few months but are still above a year ago because of the massive jump that took place earlier in the year.
Click on the LISTEN BAR below to hear Ed's comments on these numbers.
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