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ANALYSIS: A Look at Steak Cuts That Are Soaring and Sinking in 2024
Through nearly the first quarter of the year, the steak cuts within the boxed beef market have traveled down strikingly different paths. While there are several factors impacting the market, there are a handful of key standouts that have impacted some popular cuts as we near the end of the first quarter of 2024.
Let’s start with ribs and tenderloins. These items saw the bulk of seasonal discounting early in the year. Winter storms swept across the nation in January and those helped provide a floor and...
ANALYSIS: Cattle Weights Resume Contra-Seasonal Gains Following Brief Stall
Cattle weights have resumed their contra-seasonal move higher following a brief stall, putting market participants on high alert.
A string of winter storms and muddy pen conditions impacted cattle performance towards the start of 2024. Dressed steer weights shed 30 pounds during January, hitting a year-to-date bottom at 909 pounds during the week ending February 3.
Dynamics in the cattle market have shifted in recent weeks with weights now displaying a contra-seasonal increase, reversing the declining trend seen since the start...
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