By Cassie Fish, http://cassandrafish.com
The seasonal rally has begun for the rib, 50s seem to have found a low and the overall choice boxed beef cutout value is finding its footing. The $244.63 daily low Monday was likely the low for Q4, testing the 9/30 low of $243.75. As demand for the choice rib escalates this week, that has sent the choice/select spread to new highs, $33.61 as of noon today.
The Beef is published by Consolidated Beef Producers