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Boxed Beef Report: Beef prices mixed

Choice boxed beef prices rose 39 cents over the weekend from $233.27 to $233.66. The increase brought the 27-day average price to $239.87. Select boxed beef fell from $229.69 to $229.11, a 58-cent drop bringing the 27-day average price to $236.43.

Choice primal round saw the largest increase over the weekend of $1.52 to hit $221.54. Choice primal short plate had the largest fall of 75 cents, with choice primal brisket right behind at 74 cents.

Markets

World Cattle Inventory: Ranking of countries (FAO)

According to the FAO, the world has 1.468 billion head of cattle.  Brazil has the largest cattle inventory in the world followed by India and China.

More than 100 countries (104) have a cattle inventory in excess of 1 million head. 

The United States has the 4th largest cattle inventory in the world, behind China and a head of Ethiopia.

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