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Boxed Beef Report: Beef prices mixed

Choice boxed beef increased 55 cents on Thursday to hit $244.82, bringing the 27-day average price to $239.05. Select boxed beef did not fare so well, dropping from $234.50 on Wednesday to $233.53 on Thursday. The 97-cent drop brought the 27-day average price to $231.98.

Choice primal rib saw the largest increase Thursday of $2.78 to hit $353.26, while choice primal loin was close behind with a $1.32 increase. Choice primal flank had quite a drop of $2.07 on Thursday.

Markets

Morning Farm Report: Livestock prices dropping

Live cattle prices continue to drop, falling $1.25 to hit $142.43, bringing the 27-day average price to $146.40. Feeder cattle prices also decreased from $210.90 on Tuesday to $210.28 on Wednesday. The 62-cent fall brought the 27-day average price to $212.57.

Lean hog prices fell to $67 after a 50-cent fall. The 27-day average price now rests at $74.17.

Crop prices also fell from Tuesday to Wednesday. Corn saw a four-cent fall to $2.62, while wheat dropped five cents to hit $4.90.

Markets

Boxed Beef Report: Beef prices dropping

Choice boxed beef continued it's decline with a 19-cent fall on Wednesday to hit $244.27. The 27-day average price now sits at $238.65. Select boxed beef prices fell from $234.58 on Tuesday to $235.50, bringing the 27-day average to $231.86.

Choice primal chuck saw a large drop of $1.76 to hit $201.63, while chioce primal loin was close behind with a $1.33 fall to hit $336.98. Choice primal round saw a large in crease from $216.96 on Tuesday to $219.73 on Wednesday. The $2.77 jump brought the 27-day average price to $221.86.

Markets

In the Cattle Markets: Cattle on feed

Markets across the globe are in the midst of a sharp decline. Thus far, 2015 has been a trying year for equities and commodities alike and they have been nothing like the “roaring” market of 2014.

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