USDA: Breaking Stock Range Steady, Avg Price Ticks Up
USDA's daily national breaking stock report shows the price range unchanged but the weighted average edging slightly higher. Demand remains very light against moderate-to-available supplies, with full-time to extended processing schedules and slow overall market activity.
Why it matters: Breaking stock weighted average price ticked up despite very light demand, signaling limited pricing power even with moderate-to-adequate supplies.
Sources
Reported by: USDA AMS Daily National Breaking Stock
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