The Choice-Select spread has narrowed significantly in the last several weeks as both cutout values have risen rapidly higher. Last week Select negotiated cutout values averaged $271.46 vs Choice’s $280.19. This hasn’t been the narrowest week since the rally began about six weeks ago, but still below the normal seasonal pattern. The previous week, the weekly averages calculated to only $5.91 per cwt difference.
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dlr-04-27-21