Beef printed 23 quotes higher, 17 lower, on the heaviest volume in a month. Eight of every ten beef pounds that cleared today were trim, double the usual share. Chuck barely traded. Pork muscle ham to blue, Fresh 85CL Trimmings, Ground beef 81% and Fresh 92-94CL Trimmings are trading below their three week ranges. The Choice/Select spread narrowed $5.88 to $20.30/cwt, so trading down to Select saves less. Choice pectoral meat has closed lower four days in a row. Cattle kill 509,000 head for the week, 4% over a year ago; hogs 2.30 million, 19% over a year ago. Friday's weekly chicken report: tenders have shed 38% over 14 weeks without a single higher close.
Highlights
PORK Trimmed Sparerib, Light, Poly, Frozen199.91¢/lb+45.22¢ (+29.2%) vs Tue+45.22¢ wkin rangePORK Muscle Ham To Blue134.32¢/lb-33.21¢ (-19.8%) sess-24.32¢ wkbroke range lowBEEF 85CL Lean Trimmings, Fresh341.41¢/lb-47.73¢ (-12.3%) sess-48.40¢ wkbroke range lowBEEF Ground Beef 81%311.70¢/lb-36.38¢ (-10.5%) sess-40.54¢ wkbroke range lowBEEF 92-94CL Lean Trimmings, Fresh476.63¢/lb-9.85¢ (-2.0%) vs Fri-9.85¢ wkbroke range lowBEEF 90CL Lean Trimmings, Fresh449.29¢/lb+6.78¢ (+1.5%) sess-3.01¢ wkin range
Cuts in this read: Trimmed Sparerib, Light, Poly, Frozen · Muscle Ham To Blue · 85CL Lean Trimmings, Fresh · Ground Beef 81% · 92-94CL Lean Trimmings, Fresh · 90CL Lean Trimmings, Fresh
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