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The Choice-Select beef cutout spread has stayed near or above $20/cwt since June, reaching levels that were the largest for the week of year in 17 of 21 weeks. Fewer Choice cattle and firm Choice demand drove the widening.
A wide Choice-Select spread reflects tight Choice supply that supports high-grade cattle values, while it signals less Select-grade demand pressure on lower-quality cattle.
feedlotmagazine.comDec 5, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
