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The Choice beef cutout was quoted at a little over $365/cwt, $12 (3%) lower than a year ago, as fed beef production runs below last year. Rib primal values rose to nearly $680/cwt, 8% above year-ago levels, while other primals softened.
Divergent primal performance shows beef demand is uneven: inelastic rib demand ahead of holidays supports higher rib prices, while weaker cuts pressure the overall cutout and cattle values.
Not 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.