Choice boxed beef continues a steady decline since Monday, hitting $243.39 on Friday, down $2.02 since Thursday. This decrease puts the 27-day average at $252.49. Select boxed beef also continues to fall, dropping $2.37.03 from Thursday.
Choice prime rib saw a fall of $2.11, going from $325 Thursday to $322.89 on Friday. Choice prime flank saw an even larger fall to $134.62, a $3.50 change since Thursday. This brought the choice prime flank 27-day average to $137.56.
Crude oil prices are down 50 percent from a year ago and are hovering near $45 per barrel. Consequently, retail gasoline prices are currently averaging $2.04 per gallon compared to $3.30 per gallon a year ago. Retail diesel prices are averaging $2.87 nationwide compared to $3.90 a year ago.