ANALYSIS: Rib Roasts Continue to Rise
With the holidays rapidly approaching, one item on everyone’s radar has been export ribs or bone-in ribeyes. The holiday favorite has posted new all-time record highs for the month of December, with Urner Barry’s Choice quote sitting at $12.50/lb. This is about 9 percent higher than the previous all-time record high, which was recorded in 2022.
Bone-in ribeyes started their rally much earlier in the year when compared to previous years. This year’s rally began towards the end of July, where historically, procurement efforts would start up closer...
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