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Oklahoma State extension analysis says the August 8 Tyson Finney County, Kansas beef plant fire caused a sharp spike in spot Choice boxed beef, which peaked at $239.87/cwt two weeks later before receding to $214.51 by late September. End meats strengthened more than middle meats due to seasonal demand for chuck and round.
The fading fire-driven disruption is pulling boxed beef back toward seasonal norms, reducing the premium for wholesale beef. Seasonal strength in chuck and round supports cutout values into the holiday period.
tscra.orgWritten by: kristinOct 7, 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.
