ANALYSIS: Weather, Seasonal Demand Providing Momentum for Outside Rounds in 2024

To begin the year, outside rounds have witnessed noticeable strength, with pricing moving higher in rapid fashion. Urner Barry’s Choice Outside Round quote began the year at $2.75/lb., just slightly below levels seen at the start of 2023. However, the item has jumped by over 28 percent to $3.53/lb. in less than three weeks. As of January 15, outside rounds are 19 percent above the 3-year average.

To put this in perspective, the last time outside rounds were a...

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