ANALYSIS: Tenderloins Become Summer's Biggest Underperformer in Beef Market
As we explored earlier this summer, the summer grilling season was not kind to the tenderloin. Little has changed on that front with July now behind us and the “dog days of summer” here with the overall swoon in beef demand. At present, tenderloins sit at $11.80/lb., roughly 12.6% below this time last year. Prices are a touch higher than the five-year average, by just 2.9%. The underperformance for the tenderloin when compared to last year has been the story throughout 2024. And taking just a...
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