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USDA-reported boxed beef values were mixed on Tuesday: Choice was nearly unchanged at $362.98, while Select fell $2.11 to $351.62, widening the Choice-Select spread to $11.36. Beef trade increased to about 111 loads, while pork carcass values declined overall, with loins, butts and bellies weaker and some other cuts firmer.
Mixed beef cutout values and softer pork carcass prices point to uneven near-term meat demand and offer no clear signal for feed-grain demand or livestock prices.
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.