Choice boxed beef prices dropped $5.66 on Wednesday, hitting $218.98. The 27-day average now rests at $238.75. Select boxed beef also saw a decrease from $219.51 on Tuesday to $214.95 on Wednesday, bringing the 27-day average price to $229.35.

Choice primal loin saw the largest drop of the all the cuts, falling $12.58 to $296.40. This decrease brought the 27-day average price to $330.39. Choice primal chuck saw the next highest fall of $6.90. Choice primal short plate saw the smallest decrease of only $1.13.