21 cuts are trading 12% or more under the five-year norm for this week, down from 24 two weeks ago. Narrower than two weeks ago, but 3 more than yesterday. Ground beef 73% broke its run lower and closed up. The Choice/Select spread widened $3.93 to $24.97/cwt, so trading down to Select saves more. Choice cap and wedge meat has closed lower five days in a row. Wednesday's cattle kill 94,000 head, 23% under a year ago.
Highlights
PORK Picnic Meat Boxed Cushion Out, Frozen107.42¢/lb+12.22¢ (+12.8%) vs Fri+0.97¢ wkin rangeBEEF Ground Beef 73%284.84¢/lb+25.54¢ (+9.8%) sess-12.03¢ wkin rangePORK 42% Trim Combo77.53¢/lb-8.18¢ (-9.5%) sess+4.94¢ wkin rangeBEEF Choice Loin, Bottom Sirloin, Flap788.92¢/lb+58.04¢ (+7.9%) sess+33.26¢ wkin rangeBEEF Choice Plate Short Rib723.40¢/lb-24.40¢ (-3.3%) sess-16.72¢ wkin rangeBEEF 85CL Lean Trimmings, Fresh335.23¢/lb-9.81¢ (-2.8%) vs Mon-28.44¢ wkin range
Cuts in this read: Picnic Meat Boxed Cushion Out, Frozen · Ground Beef 73% · 42% Trim Combo · Loin, Bottom Sirloin, Flap · Plate Short Rib · 85CL Lean Trimmings, Fresh
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