date:Jan 21, 2013
ut the 5-area average at $126.09/cwt; $2.03/cwt lower than a week ago. Please see graph:
Late Monday USDA put wholesale boxed beef at $194.09; down $0.15/cwt but $0.60/cwt over last report. According to HedgersEdge.com, the average packer margin was lowered $7.40/head to a negative $62.80/head based on the average buy of $127.77/cwt vs. the breakeven of $122.78/cwt. For Monday, 1/14/13 cattle slaughter was steady at 128,000 vs. 127,000 last Monday and 128,000 head this time last year.
FEE