Beef printed 20 quotes higher, 19 lower, on 1.5x normal volume. Pork derind belly 9-13#, Ground beef 73% and Choice chuck flap are trading below their three week ranges. Pork 72% trim boxed frozen broke its run lower and closed up. The Choice/Select spread narrowed $3.50 to $22.81/cwt, so trading down to Select saves less. 23-27# trmd selected ham has closed higher four days in a row. Cattle kill 435,000 head for the week, 4% under a year ago's daily pace in a four-day week against five; hogs 1.94 million, flat with a year ago's daily pace in a four-day week against five. Friday's weekly chicken report: tenders have shed 38% over 15 weeks without a single higher close.
Highlights
PORK 72% Trim Boxed, Fzn98.88¢/lb+15.65¢ (+18.8%) sess-1.30¢ wkin rangePORK Derind Belly 9-13#131.81¢/lb-23.36¢ (-15.1%) sess-37.83¢ wkbroke range lowBEEF Ground Beef 73%256.84¢/lb-24.17¢ (-8.6%) sess-18.65¢ wkbroke range lowBEEF Choice Chuck, Flap801.40¢/lb-62.79¢ (-7.3%) sess-45.08¢ wkbroke range lowBEEF Choice Flank, Flank Steak690.26¢/lb+45.35¢ (+7.0%) sess+22.39¢ wkin rangeBEEF Choice Loin, Ball-tip, Bnls, Heavy502.12¢/lb+4.98¢ (+1.0%) sess-28.88¢ wkin range
Cuts in this read: 72% Trim Boxed, Fzn · Derind Belly 9-13# · Ground Beef 73% · Chuck, Flap · Flank, Flank Steak · Loin, Ball-tip, Bnls, Heavy
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