ANALYSIS: Eye of Rounds Move Sharply Lower Ahead of the Holidays
In recent weeks, the round complex has witnessed broad-based weakness and prices for multiple items within the category have moved sharply lower. Of the most notable, the choice eye of round has trimmed roughly 25 percent of its value since November 27 as supplies have simply outweighed demand. On November 27, choice eyes were $3.90/lb. Less than three weeks later, the item sits at $2.98/lb.
Now, this is not out of the norm for this time of the year...
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