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ANALYSIS: Inside Skirts Defy Seaonality, Hitting Record Highs
The beef markets have become a bit stale as of late but there continues to be some outsized moves going slightly under the radar. One of which, the Certified Angus Beef® Inside Skirts, just posted new all-time highs at nearly $8.12/lb. This may have some on the buyside scratching their heads a bit given the date on the calendar. But when you consider slaughter and production levels, this does not seem surprising anymore, as it seems there is interest in getting ahead of the much-anticipated seasonal rally...
ANALYSIS: Strong Quality Grade, Demand Lull, Dampens Certified Angus Beef® Rib Prices
A lull in demand and an over-performing quality grade have led to a lackluster situation within the Certified Angus Beef® (CAB) rib primal. Both bone-in and boneless product are stuck below year-ago levels. Urner Barry’s CAB Lip-On UP quote is currently listed at $10.75/lb., about 2% below this time last year. The prices have also plummeted about 17% year-to-date but sit about 18% higher than the five-year average...
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