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.
The grain and oilseed markets firmed early Thursday morning ahead of the export sales report and after the DJIA closed 4% higher Wednesday and the Shanghai Composite closed 5.4% higher Thursday, seeming to stabilize the financial markets.
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.
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.