U.S. beef cutouts were firm on light to moderate demand and offerings.
Choice cutouts rose 17 cents to close at $141.33 US and Select fell 24 cents to close Nov. 5 at $135.76.
Choice cutouts were $7.70 lower than this week last year and Select cutouts were $5.58 lower.
Rib items have moved higher as it gets closer to the holiday season. Lean boneless prices were firm to higher on moderate to heavy offerings.
American Thanksgiving is approaching and that will start to hurt beef demand as holiday turkeys and hams dominate meals.
Canadian AAA cutouts for the week ending Oct. 30 rose $2.74 from the previous week. They were $28.46 lower than last year.
AA cutouts were $2.85 higher than the previous week and compared to the same period last year were $26.15 lower.
The Montreal wholesale market for delivery this week was $6 higher at $166-$172.
