ANALYSIS: U.S. Beef Rib Pushing Towards All-Time Records
With year-end holidays approaching, the bone-in rib is once again front and center in the beef market. Over the past year, this item was largely kept at arm’s length as market participants contended with what appeared to be reserved consumer demand. Consequently, prices for the bone-in ribeye throughout the year lagged behind year-ago levels.
Fast forward to today, and prices have not only kept pace but have also surpassed last year’s high of $12.50/lb., currently...
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