ANALYSIS: Flank Steaks – Record Rise, Record Fall
Urner Barry’s Choice Flank Steak quote entered the year at $5.57/lb., about 15 percent above the 5-year average. While January and February were lackluster for the cut, typically sideways trade, about halfway through February procurement for the Spring season began to surface.
Normal seasonal moves higher were seen throughout the months of March, April, and May but this year that rally extended well beyond expectations. The "dog days of summer” had little effect on this item as its stint upward carried into mid-July rallying nearly 72 percent to that...
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