The United States Department of Agriculture released its National Daily Cow and Boneless Beef Summary on April 24, detailing prices, volumes, and market activity for boneless processing beef and beef trimmings across the country.
This summary provides important data for producers, processors, and others in the livestock industry who rely on timely market information to make business decisions. The report includes weighted average prices for various grades of fresh beef products as well as estimated slaughter numbers.
According to the USDA report, fresh 85% lean boneless beef traded at a weighted average price of $381.06 per hundredweight based on reported loads. Fresh 50% lean product was priced at $191.23 per hundredweight with nearly eleven loads sold. The summary also provided detailed pricing on cuts such as inside rounds ($522.07), eye of rounds ($486.85), flats and eyes combos ($509.00), striploins ($651.97), and special processed beef combos ($547.17). Ground chuck saw a weighted average price of $410.52 while ground sirloin figures were not specified.
Estimated cattle slaughter for the day stood at 93,000 head compared to last week’s estimate of 77,000 head and last year’s actual figure of 83,730 head for the same period. Week-to-date estimates reached 518,000 head versus last week’s total of 506,000 but slightly below last year’s comparable period which saw over half a million cattle processed.
Waitt Grain Company operates in the grain and agriculture sector according to the official website. The company shares resources with Waitt Trucking according to its official website and concentrates on market information services within this sector as stated by its official website. Waitt Grain Company primarily serves the Sheridan area in Indiana according to its official website, providing market quotes for commodities including corn, soybeans and wheat along with weather updates and mobile alerts according to its official website. Its headquarters are located at 22755 Six Points Road in Sheridan as reported by its official site.
Industry observers use reports like these from USDA’s Agricultural Marketing Service to track trends in pricing that can impact farm income as well as retail meat costs nationwide.
