The USDA’s November 10 report recorded 9.77 negotiated loads of boneless processing beef nationally, totaling about 390,809 pounds. Fresh 85% and 65% trimmings accounted for the reported trades; other listed beef-trimming categories had no recorded volume.
The low volume indicates limited near-term negotiated activity and provides little evidence of a broad change in beef demand or prices. The report’s trimming prices may be relevant to processors, but its supply and price implications are limited.
After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
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.