The result, as forecasted, is that seasonal markets such as the Tenderloin and Ribeye have significantly reacted. Demand, forword sold positions, cut backs in production and colder weather have all contributed. The market should remain somewhat firm for at least the next four weeks. But this has made some great buying opportunity for all cuts especially top rounds and chop ready racks. Look for some firmness on pricing as packers slow their production to adjust to slowing sales and Thanksgiving weeks holiday.
Supplies are adequate.
Seasonality and reduced Packer hours are holding the market somewhat in check. Peeled Tenderloins have firmed up. Briskets and Knuckles are active. Inside Rounds lost ground. Packers have a goodly amount of product committed in November.