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ANALYSIS: Unusual Trend Ignites Price Surge in Chuck Rolls
In January, Chuck Rolls entered the year at $3.85/lb, gaining in price to $4.57/lb by the end of the month, or roughly a 19% change. The price jump can be attributed to winter weather events that caused plant closures and disrupted the supply chain. A bottom of $3.50/lb was seen in the beginning of May as production normalized back in April, putting Chuck Rolls back on track with historical trends. In late August, prices started to increase, whereas in the past, prices...