ANALYSIS: Grinding Substitution Fades as Peeled Knuckles Trade at a Premium to Fresh 90s Trim
The peeled knuckles market runs close to that of the 90s trim market due to the ability to grind this cut into 90% lean material. During periods when 90s trim is at a premium to peeled knuckles, some market participants opt to shift peeled knuckles into grinding material. So far this year, the weekly average peeled knuckles value has only crossed below the 90s price once, but it remained below for roughly a month. Looking to 2025, peeled knuckles dipped below only twice, once for...
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