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


Big Drop in Boxed Beef Sales as Prices Increase

Mon, 19 Oct 2015 18:34:04 CDT

Big Drop in Boxed Beef Sales as Prices Increase 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 October 17. The daily spot Choice box beef cutout ended the week last Friday at $211.69. That was $8.69 higher compared to the previous Friday. There were 726 loads sold for the week in the daily box beef cutout compared to over 1,000 loads last week.   It was about 11 percent of the total volume.


The comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was $207.20. That was only 31 cents lower but still a decline compared to the big jump in the daily spot cutout and last year at this time the cutout was $246.71.


There were 6,382 total loads sold. That was 1,199 loads lower than the previous week and a very big drop in volume as prices increased in the daily spot trade. The formula sales were at 3,391 loads which was 23 loads higher than last week and was 53 percent of the total loads sold this week.


Exports as reported on the Box Beef report represent primarily muscle cuts and they were at 568 loads. That was 25 loads lower than the previous week. North American Free Trade Agreement neighbors bought 121 loads and 447 loads were shipped overseas.


The out-front sales which won’t be delivered for at least 22 days were 1030 loads. That was 620 loads lower than last week and a big drop compared to the previous week. It represented about half of the total drop in volume.


Taking a look at the weekly average primal cut prices. The Choice middle meats, which are the rib and loin, were three to six lower reversing the jump in the rib prices last week. The Choice chuck and round primals were one to two higher and are starting to follow the normally seasonal increase in price during the fall as roasts return to the family menu items.


The Cow Cutout was 5.73 lower at $190.27 on Friday.   Those 90 percent trimmings ended the week $9.09 lower compared to the previous Friday at $232.37 but it has dropped about $50 in the last six weeks.


The latest report of imported meat passed for entry into the US for week ending October 10 showed that week we imported 19,974 metric tons of fresh beef which was about 1000 metric tons lower and equates to about 43 million pounds imported for that one week. Year-to-date for the first 41 weeks of this year we are running 26 percent higher fresh beef imports than last year and continues to drop each week lately.   Australia was 45 percent higher and New Zealand was still up 20 percent.


Click on the LISTEN BAR below to listen to Ed's comments about the weekly boxed beef trade.


   
   



right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • OKFB's Steve Thompson Says August Area Meetings will Tackle Important Topics for Producers   Sun, 01 Aug 2021 12:02:12 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Friday, July 30  Fri, 30 Jul 2021 14:11:55 CDT
  • Friday, July 30, 2021 Market Wrap-Up with Justin Lewis  Fri, 30 Jul 2021 14:09:38 CDT
  • US Wheat Associates Weekly Harvest Report for July 20, 2021  Fri, 30 Jul 2021 11:35:12 CDT
  • Oklahoma State’s Leon Spicer awarded National Animal Science Honor  Fri, 30 Jul 2021 10:41:47 CDT
  • Request for Information on Drinking Water Contaminants of Emerging Concern for Research Initiative  Fri, 30 Jul 2021 10:22:12 CDT
  • Individuals and Great Plains Kubota Recognized for Achievements at 2021 OCA Convention  Fri, 30 Jul 2021 10:20:15 CDT
  • Research Is Finding Solutions For Human/Black Bear Coexistence  Fri, 30 Jul 2021 10:17:07 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.