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.

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The Beef is published by Consolidated Beef Producers