New Record High Choice Boxed Beef at $263.81 cwt

on Wednesday last week.
The old record high was July 31, 2014 at $263.66 cwt..

Beef Demand is Obviously Strong.

 

cwt is the abbreviation for " per 100 pounds, "

boxes are generally 50 to 60 lbs total .... typical example is a box of sirloins say 12 lbs and down. so those will be 12 lb and down sirloins ( individually vaccu wrapped say 5 per box )

 

rene, basically you have the live

Cash reported ( to usda ) price...I call that 168 to $172 cwt last week.

Then there's the reported Dressed Price ( hanging on the rail, or sold dressed ).,

Then there's the composite / boxed price.

Truly though MOST cattle are sold by "formula" in the usa.
Formula is non reported ( because those are supposedly sold "after the Cash reported fact ).


btw, keep that sense of humor...cause it's the only thing that Works in this bitness. MO

 

There's a LOT of "Room" in Beef,

IF fat cattle Double in price to say $350cwt live cash, that puts the cost of beef in a quarter pound burger at a whole $2 total.

currently the afore cost is $1 per burger.

the bothersome thing is that there are basically only 4 beef packers in the usa.

3 of those have 1 million cattle per day on feed Each.

sooooo why not discount the paper market say $25 under cash fat cattle?

that way, few to No farmer feeders will be able to forward contract cattle at a profit.

thus feeder cattle would drop in price significantly to fill those packer lots at Cheap cattle costs.

I tend to feel cattle will Triple in price over the next 3 years.
plenty of Pacific Basin dough that would love to own some More of the usa packing complex...sooo that's competition.