Boxed beef continued higher on Monday, with Choice at $408.49, up $0.58 from Friday, and Select at $385.38, up $1.72. The Choice/Select spread narrowed slightly to $23.11. The Round cut set a new all-time high at $363.59, while the Rib ($609.64) and Loin ($494.36) also pushed higher. Despite these gains, movement was thin — just 63 loads, the lowest total of the year. For the month, Choice boxed beef is now up $47.17, marking the highest August level in history.
Aug 25