20 cuts are trading 12% or more under the five-year norm for this week, up from 14 two weeks ago. Wider than two weeks ago, but 5 fewer than yesterday. Trading down to Select saves less today: the Choice/Select spread narrowed $5.83 to $14.08/cwt. Pork insides slipped under the bottom of its three week range. Choice inside skirt broke its run higher and closed down. Beef tenderloin has closed higher five days in a row.
Highlights
BEEF Choice Plate, Inside Skirt635.18¢/lb-27.03¢ (-4.1%) sess+23.46¢ wkin rangePORK Insides133.75¢/lb-21.82¢ (-14.0%) sess-40.77¢ wkbroke range lowBEEF Choice Loin, Top Butt, Center-cut632.99¢/lb-18.26¢ (-2.8%) sess-15.04¢ wkbroke range lowBEEF Choice Round, Top Inside Round402.06¢/lb+8.10¢ (+2.1%) sess-1.53¢ wkin rangeBEEF Choice Loin, Top Butt, Boneless480.17¢/lb-3.87¢ (-0.8%) sess-9.54¢ wkin rangePORK 42% Trim Combo80.68¢/lb+0.98¢ (+1.2%) sess+6.42¢ wkbroke range high
Cuts in this read: Plate, Inside Skirt · Insides · Loin, Top Butt, Center-cut · Round, Top Inside Round · Loin, Top Butt, Boneless · 42% Trim Combo
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