Dan’s Cow-Calf Corner Boxed Beef Prices Sag Under Growing Supply and Summer Doldrums

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — The Choice boxed beef price dropped to $200.47/cwt. last Friday, July 17, 2020; the lowest Choice boxed beef price since December 2017. Both supply and demand factors are at work pushing wholesale beef prices lower. Estimated beef production last week was 538.4 million pounds, 2.1 percent larger than the same week last year. Estimated cattle slaughter last week was 650,000 head, down slightly from 655,400 last year. The latest carcass weights have steer carcasses averaging 896 pounds, up 35 pounds year over year and heifer carcasses at 826 pounds,…

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