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Choice boxed beef fell $2.72/cwt to $360.26 and Select dropped $4.15 to $347.47, widening the Choice/Select spread to $12.79. Brisket led declines, while heavy tenderloin and several other cuts rose, and the pork carcass cutout was roughly flat.
Lower beef cutout values point to softer packer demand for cattle, which can weigh on live and feeder cattle prices, though the move is small and routine.
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.