ANALYSIS: October Seasonality—US Domestic Boneless Beef vs. Imported Beef

Over ten years, the pattern is that October prices the domestic lean market below September without exception, while fat trim recovers within the month from a depressed base, and imported lean does very little at all. October is a weaker month than September for domestic 90s on the measure that matters most for cost, and a far more volatile one for fats. 

Throughout this report the four series are referred to by name: fresh 90s and fresh 50s for the two US domestic chemical lean items, Aust/NZ blend cow 90% and Brazil 90% for the two imported items. Codes appear...

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