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Boxed Beef report: Boxed beef prices rise to end the week

Choice boxed beef saw a slight increase on Friday of 44 cents to hit $240.63, a welcome change after the continuous drops throughout the week. The 27-day average price now rests at $241.06. Select boxed beef saw a jump from $228.01 on Thursday to $229.15 on Friday, a $1.14 increase that brought the 27-day average price to $232.42.

Markets

Natural gas prices generally flat

Prices outside the Northeast are fairly flat. The hot summer weather continues for most of the nation. Temperatures increased throughout the report week in the central and eastern parts of the country, although on the West Coast, temperatures moderated.

Markets

Morning Farm Report: Cattle prices up

Live cattle prices increased 37 cents on Thursday to hit $141.60, bringing the 27-day average price to $146.20. Feeder cattle prices jumped on Thursday from $200.75 on Wednesday to $202.55 on Thursday. The $1.80 increase brought the 27-day average price to $210.47.

Lean hog prices dipped on Thursday, falling 33 cents to $69.45, bringing the 27-day average to $72.

Corn dropped six cents to $3.48, while wheat saw a huge fall drop of 16 cents to $4.57.

Markets

Boxed Beef Report: Boxed beef prices fall

Choice boxed beef continued to fall on Thursday, dropping from $240.96 on Wednesday to $240.19 on Thursday. The 77-cent fall brought the 27-day average price to $240.77. Select boxed beef saw a huge fall of $2.53 to hit $228.01. The 27-day average price now rests at $232.42.

Choice primal flank dropped hard on Thrusday, falling $4.46 to $128.97. The 27-day average price is now at $138.53. Choice primal rib did better after falling all week, increasing $1.94 to hit $344.24.

Markets

U.S. average gasoline and diesel fuel prices decrease

The U.S. average retail price of regular gasoline decreased 13 cents from last week to $2.51 per gallon on August 31, 2015, 95 cents per gallon less than at the same time last year. The Midwest price showed the largest decline, down 20 cents to $2.47 per gallon. The West Coast price decreased 12 cents per gallon to $3.16 per gallon. The Gulf Coast and East Coast prices were both down nine cents per gallon, to $2.20 per gallon and $2.34 per gallon, respectively. The Rocky Mountain price was down five cents to $2.77 per gallon.

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