ANALYSIS: Rib Primal Showed Unusual Strength in December
The beef market saw price volatility to the upside to end the year given the sharp production cuts seen in December as packer margins were squeezed from multiple angles. Sudden gains were nearly broad-based as buyers felt the need to step in and procure product amid supply constraint thoughts. This is indicative of the continued strong demand for beef seen for years. But while some of the items should not come as a surprise, a closer look at the rib primal certainly does...
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