Top Tweets for #beefcutout
Seasonally the #beefcutout is due to move higher, with expectations for prices to reach the low to mid $250s depending on the extent of the rib and tenderloin rallies, and support from items in the chuck and round complex.
https://t.co/9XyG5JwHSQ
A softer tone for the cutout may take hold early in September as the lighter demand period ensues but the cutout is holding relatively steady around $258 with major support at $250. https://t.co/XnPbmndNvH #beefcutout #CattleFax
The cutout continues to perform better than expected into July trading even with year ago for the first time since March. The beef complex has established a new initial support level at $260/cwt. over the last four weeks. https://t.co/Bcn98szPVU
#CattleFax #beefcutout
After a choppy start to last week, the daily spot composite USDA cutout posted a steady increase to $257.80 Monday adding $5/cwt. from last week’s lows. https://t.co/P6zfBKGNO3
#beefcutout #beefprices #protein #CattleFax
Total #beefloadcounts during the #beefcutout downtrend have been adequate over the last weeks. Q4 load counts are averaging 6,856 loads/wk. That compares to 7,080 loads/wk last year and a 5-yr avg pace of 6,764 loads/wk during the same period.
https://t.co/2pkBZM5SEI #CattleFax
Caught Between Labor Day and Fall >>> Limited support for the #beefcutout was noted from a holiday shortened production week on tap, but overall buyers seemed content to move closer to the sidelines to see if the softer prices continue during September. https://t.co/69kfASErlg
Choice #beefcutout closed last week $11.45 higher, while Selects advanced by $6.10. Although production is increasing, purchasing for upcoming holidays, starting with Mother’s Day is keeping buyers in the market as they seek to fill needs. https://t.co/DO0vi2eEct #CattleFax
The composite USDA #beefcutout was $0.61 lower last week. A more seasonal rally to the boxed beef complex would have meant highs this week or last week and lows into mid-April. Shortened production is scrambling those normal seasonal signals right now. https://t.co/jhpmpA5YIY
Choice #beefcutout was quoted $6.51 lower last week, while over the same period Selects declined by $7.11. Buyers backed away from the market after recent steep gains, as well as production levels being restored past the winter storm and currently ample. https://t.co/SZLcVn7nRN
The composite USDA #beefcutout was $4.77 lower last week. The decline is an excellent opportunity for beef buyers. The cutout is racing toward the $205 support level, but momentum did show a brief sign of slowing its downtrend Tuesday. https://t.co/ki01ph6IeP
The composite USDA #beefcutout was $0.50 lower on a weekly average basis at $200.34/cwt. The cutout has shown considerable strength since late last week. The Choice-Select price spread remains near 2018 levels. https://t.co/QcJ2Rw0zil
90% lean beef trim market decreased last week $13.79 w/wkly avg of $282.77/cwt. The 50% lean beef trimmings market lost $1.17/cwt. last week, averaging $83.43. Expect the trim market to come under pressure as composite boxed #beefcutout declines continue. https://t.co/MrWq9nXiXU
#beefcutout declines are starting to stabilize; the volatility of the cutout over the last 30 days has obviously been unheard of at these levels – both on the rally higher & decline lower. Expect the market to continue to trade some swings... https://t.co/2iAVAoL9m0 #CattleFax
The composite USDA #beefcutout was $92.16 higher on a weekly avg basis. The daily average composite cutout Tuesday afternoon pushed to $471. Prices are now 110% higher than last year, but momentum is correcting and turning lower. https://t.co/8Q0B8HeWrd
The #beefcutout has inched higher this week, and it is already $4 to $5/cwt. off its lows from last week Thursday. The slowdown in production is likely to maintain firm support for the beef complex. https://t.co/pROB1ZICoR
The composite USDA cutout was $11.73 higher on a weekly avg basis at $253.37/cwt. last week. #beefcutout is finding support from large volume retail items. Middle meats may continue to be a struggle in this marketplace until grilling season. https://t.co/p8seTlUcwP #beef
The #beefcutout highs were 4 weeks ago, the chuck roll, tenderloin, 50% lean beef trimmings, 73% lean beef grinds and boneless top sirloin which contributed to nearly 75% of the $22/cwt break since the highs. https://t.co/a4QDyLqqJN
The composite cutout recently broke the downtrend that was in place for over a month. What's next?
#beefcutout #beefprices #protein #cattlefaxvideo
The #fedcattle cash market rallied $2 to $3/cwt. last week with live-basis trade averaging $112.77. Packer margins are getting more compressed with weaker #beefcutout values and higher #cattleprices. https://t.co/YNzErAUriU
Cutout Support in May: Is the mid-$230s still a target for the late May or early June cutout highs? Today, it is still feasible. https://t.co/QFWqhK44ps #beefcutout #beefprices
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