In this file:

 

·         90% trimmings jump $32; tests previous highs

·         Meat Market Update | Cutout climbs another $83!

 

 

90% trimmings jump $32; tests previous highs

There was a bigger run of both feeder cattle and cows as market prices jump higher.

 

Ed Czerwien, BEEF Magazine 

May 14, 2020

 

There was another good run of feeder cattle moving off of the grazed out wheat pastures with 38,600 head at test auctions. This included very big numbers of steers over 800 lbs. and heifers over 700 lbs. Prices continued to improve and were steady to $7 higher.

 

There also was a bigger run of cows with 6200 head at the test auctions, but it did include more bred and replacement cows. Prices were mostly $2-4 higher on the heels of another really big jump in cow meat prices. Those 90% trimmings were up over $32 week over week, ending at $302.83 last Wednesday. Those prices are now really close to the highest prices of 2014 and 2015.

 

document, plus audio [4:09 min.]

https://www.beefmagazine.com/market-reports/90-trimmings-jump-32-tests-previous-highs

 

 

Meat Market Update | Cutout climbs another $83!

Higher, higher, higher. The cutout climbed another nearly $90 before finally seeming to hit its peak on Wednesday.

 

Ed Czerwien, BEEF Magazine 

May 14, 2020

 

The daily Choice cutout continues its race higher. It ended the week on Friday, May 8 at $460.88 which was $83.43 higher compared to previous Friday. This is on top of the $138 increase over the last two weeks as beef prices skyrocket as processing plants continue to struggle with COVID-19 shutdowns.

 

The daily Choice cutout then continued to climb higher and was $475.39 on Tuesday, May 12th so it continues to break all-time high records, but it did start to decline on Wednesday so it might be topping out now at these very high prices.

 

document, plus video with charts, tables [9:56 min.]   

https://www.beefmagazine.com/market-reports/meat-market-update-cutout-cliimbs-another-83