Negotiated Boxed Beef Climbs

Graphic -- BOXED BEEF CUTOUT VALUE Choice 600-900 Lbs., Carcass, Negotiated, Weekly

Negotiated Choice boxed beef ending the week $19.22 per cwt higher than the previous week, extending the 5 week rally to $266 per cwt.  There is likely some pipeline refilling in preparation for a more open U.S. restaurant industry.  It remains to be seen how demand will actually behave once the U.S. is open at full capacity, but there appears to be optimism in the restaurant sector. 

For more on this topic, see the Livestock Monitor article below.