ANALYSIS: Assessing Premium Grade Spread; Typical Seasonality or a Shift in Demand?
With nearly a month behind us in 2024, choice and select graded boneless ribs have traveled down differing paths to start the year. Ribs typically begin every January facing downward pressure as holiday demand dwindles and consumers focus on lower-priced beef items like ground beef and roasting cuts. That story held true for Choice ribs with Urner Barry’s Choice Lip-on Boneless Rib Down quote falling roughly 12 percent from the start of 2024 through January 30 from $11.74/lb. to...
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