The weekly average Choice cutout drops down over 2 dollars following the previous week’s big daily Choice cutout declines which is normal because some of the formula sales are priced off of the previous week’s daily spot cash sales. However another big item was a big drop in sales volume also for the week. The Choice cutout normally goes thru a small decline this time of the year but then turns around and jumps quite a bit higher as we get deeper into the grilling season and approach the Memorial Day sales period.
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