ANALYSIS: Strong Quality Grade, Demand Lull, Dampens Certified Angus Beef® Rib Prices
A lull in demand and an over-performing quality grade have led to a lackluster situation within the Certified Angus Beef® (CAB) rib primal. Both bone-in and boneless product are stuck below year-ago levels. Urner Barry’s CAB Lip-On UP quote is currently listed at $10.75/lb., about 2% below this time last year. The prices have also plummeted about 17% year-to-date but sit about 18% higher than the five-year average...
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