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Wholesale beef prices rose as fall demand for roasts, middle meats and holiday ribeyes picked up. The daily choice boxed beef price reached $320.65 per cwt on October 18, its highest since July 15, and steer slaughter was unchanged from 2023.
Seasonal demand gains and tight beef supplies keep boxed beef and cattle prices firm. Higher beef values support cattle prices into the holiday season.
ziacommodities.comLester AldrichNov 1, 2024Not 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.
