Market Intel

Pork Wrap December 01

Download PDF The pork cutout was nearly steady this week, down only $0.06/cwt. from last week’s average.  Cash hog prices fared much worse however, as the NDD negotiated market dropped $3.32/cwt. to average $57.91.   That caused packer margins to expand to almost $25/head, which is about $5 higher than last week.   The action in the …

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Beef Wrap December 01

Download PDF The rib primal finally came to life this week, jumping a little over $25/cwt. to average $573.27.  That isn’t too far off of the all-time record high at $609/cwt. set back in September of 2021.  This is a result of last-minute holiday buying and is carefully orchestrated by packers because they will be …

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Pork Wrap November 24

Download PDF The cash hog markets moved lower again this week, with the WCB negotiated price dropping $3.72/cwt. to average $59.44.  That is the first sub $60 weekly average since early December, 2021.  The cutout also eased lower, dropping $2/cwt. to average $85.04.   There were a lot of buyers on holiday this week and thus …

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Beef Wrap November 17

Download PDF Live cattle futures settled down this week following the rout that took place last week.  All contracts finished $1-2/cwt. higher than the week before.  Whether or not that was justified remains to be seen because both the cutout and cash cattle moved lower.  The Choice cutout dropped $4.46/cwt. to average $295.69 and the …

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Pork Wrap November 17

Download PDF After a couple of weeks of small increases, the pork cutout posted a modest decline this week.  On a weekly average basis, it was down $1.41 to $87.05/cwt.  Loins were the biggest drag on the cutout, but the hams and bellies also contributed to the decline.   The biggest concern right now is the …

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