Glynn Tonsor Explains What’s Been Driving Up Boxed Beef’s Choice/Select Spread
Oklahoma Farm Report
In the beef industry, wholesale boxed beef prices are used to gain insight into consumer demand. In recent days, Choice beef prices have climbed above $2.50/lb. – very strong demand indeed compared to year-ago prices. But with the Choice/Select spread currently backing off the $30/cwt where it was earlier this week, now hovering at approximately $27.53 as of Tuesday at midday, Extension Livestock Market Economist Dr. Glynn Tonsor tells Radio Oklahoma Ag Network Farm Director Ron Hays that this price swing may have peaked out for the year.