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Boxed Beef Report: Beef prices drop

Choice boxed beef prices dropped over the weekend from $243.63 on Friday to $242.42 on Monday. The $1.21 fall brought the 27-day average price to $239.78. Select boxed beef also saw a 28-cent drop to hit $232.55, bringing the 27-day average price to $232.28.

Choice primal rib fell the most over the weekend from $350.76 to $346.74, a $4.03 fall that brought the 27-day average price to $336,23. Choice primal loin also fell $2.80. Chioce primal chuck and choice primal brisket were the only two cuts to not fall, jumping $1.67 and 56 cents, respectively.

Industry

Tick bite causes red meat allergy

A simple tick bite may be causing life-threatening allergies to beef and pork. One Missouri man found himself suffering anaphylaxis after eating a hot roast beef sandwich, reports Meryl Lin McKean for Fox4 Kansas City.

Markets

Where are gasoline prices headed?

Crude oil prices have once again been making headlines, dipping into the upper $30s and lower $40s per barrel. In an article last week (farmdoc daily, August 19, 2015), it was shown that real (inflation-adjusted) prices of crude of oil and gasoline have fallen back to levels prevailing more than a decade ago.

Markets

Morning Farm Report: Cattle prices moving up

Live cattle prices increased from $144.65 on Thursday to $146.53 on Friday. The $1.88 jump brought the 27-day average price to $146.46. Feeder cattle prices also saw an increase of $2.05 to hit $202.40 on Friday, bringing the 27-day average price to $211.73.

Lean hogs did not fare quite as well, dropping 62 cents to hit $66.43. The 27-day average price now rests at $73.40.

Wheat prices faltered Friday, dropping seven cents to $4.77, while corn saw a one-cent drop to $4.77.

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