Will reported weighted average of the Chemical Lean Beef trim (0.85%) on USDA be above $4.55 in August 2026?

If the reported weighted average of the Chemical Lean Beef trim (0.85%) on USDA is above $4.55/lb in August 2026, then the market resolves to Yes.

This market resolves based on whether the price ($/lb) of Chemical Lean Beef Trim, as published by USDA, meets or exceeds the specified strike value at any point during the time period.

The relevant data source is the USDA AMS National/Regional Weekly Boneless Processing Beef and Beef Trimmings report.

A single qualifying weekly print at or above a given strike is sufficient to resolve that strike to Yes; no further crossings are required.

If a given week's report shows zero reported trades or a $0.00 weighted average for this grade, that week's data will be treated as unavailable, and the most recently available valid weekly value will be used in its place for purposes of determining whether the strike was met.

If no valid data is available for the entire time period, all markets resolve to No.

Prices are denominated in USD per hundredweight (lb) and rounded to two decimal places.

Unless otherwise specified, prices reflect USDA's reported FOB Plant negotiated sales basis and exclude any additional handling, freight, or transaction fees.

Any revisions or corrections to a weekly report published after that report's initial release will not affect market resolution.