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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...
ANALYSIS: Lower Tenderloin Prices Weigh Down Loin Primal Value Amid Grilling Season
Loins typically garner the bulk of attention at this point on the calendar within the boxed beef market. Grilling season is in full swing and the 4th of July holiday is on the horizon. In 2024, we have seen the loin operate in quite a different fashion when compared to last year. As of June 24, Urner Barry’s Choice loin beef cutout value sits at $4.25/lb., roughly 10% below the same time last year. While a few items are lagging behind last year’s levels...
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