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Boxed Beef Report: Beef prices increase

Choice boxed beef saw it's first increase this week, rising 32 cents to hit $252.78. The 27-day average price is now at $252.01. Select boxed beef jumped from $249.10 on Tuesday to $249.52 on Wednesday. The 42-cent incrase brought the 27-day average price to $244.90.

Chioce primal short plate dropped drastically on Wednesday, falling from $181.98 on Tuesday to $177.37. The $4.61 drop brougth the 27-day average price to $181.04. Choice primal loin fared much better with a $3.84 increase, with the price settling at $340.70.


Boxed Beef Report: Choice boxed beef continues to decline

Chioce boxed beef continues it's week-long fall, dropping 14 cents on Tuesday to hit $252.46. The 27-day average now rests at $252.31. Select boxed beef dropped as well on Tuesday from $249.34 on Monday to $249.10. The 24-cent decrease brought the 27-day average price to $244.85.

Choice primal rib jumped on Tuesday, increasing $3.48 to hit $353.33. This change brought the 27-day average price to $362.37. Choice primal short plate and choice primal flank also saw increases of $2.32 and 59 cents, respectively. Choice primal round saw the largest decrease, falling $2.37 on Tuesday.


Wheat futures firm Tuesday morning

The grain markets were mixed overnight after yesterday’s Crop Progress report and ahead of today’s 11am Acreage and Stocks reports. Corn crop conditions fell by 3% to 68%, compared to 75% good to excellent last year and was in the range of expectations. The eastern corn belt saw the steepest drop. Ohio corn dropped 19% good to excellent. The average estimate for corn acreage and stocks is 89.173 million acres, compared to the 89.199 March USDA number, and 4.512 billion bushels for June 1 stocks, compared to 3.852 last year.


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