The CAB carcass cutout price has remained resilient into the middle of December, giving up only $5.41/cwt. or 1.9% in the past month. The Choice cutout, for comparison’s sake,
has held on in similar fashion, down just 2.5% in the same period. These facts alone are not fascinating on their own since these trends match those seen a year ago. What is surprising is the vast contrast that stands between the rally in both rib and tenderloin prices compared to most other cuts from the beef carcass. Starting with the CAB ribeye, spot market prices have increased 28.5% since the week of October 10. This is similar to the 2020 price pattern. There again, not terribly exciting. But there’s more. Let’s turn to CAB tenderloin prices. This coveted gem has climbed a whopping 35% from the week of September 19 through last week. That gain is a shock to the system given that the average inflation on tenderloins was just 5.9%, on average, for the past three years.
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