Download PDF This week started similar to last week, with cattle feeders in the South quick to take lower money ($178/cwt.) on Tuesday. When that happens, packers become fairly confident they are going to get the full showlist bought at lower money, but it didn’t play out that way this week. Packers found it difficult …
Download PDF Cattle feeders were pretty quick to hit the bid this week, with sizable volume trading on Tuesday at $180/cwt. in the Southern Plains. Trade in the North followed on Wed/Thurs in the $183-184 range. Looking at average price levels, this week’s cash was $182.65, down about $2.30/cwt. from the prior week. That was …
Download PDF Prices in the hog and pork complex continued higher this week, with the NDD negotiated hog market adding $3.69/cwt on a weekly average basis. The cutout was also stronger, averaging $2.93/cwt higher through Thursday. So now instead of $1 or $2 gains in the cutout, now we are getting close to $3 a …
Download PDF The beef market remained red hot this week, but the cattle market cooled a bit. Through Thursday, the Choice cutout had gained $14.65/cwt on a weekly average basis and the Select cutout had added $8.13/cwt. Near-term beef demand has been strong as buyers scrambled in response to recent price increases, but that short-term …
Download PDF The cash cattle market surged higher again this week, adding close to $7/cwt in the live market and $10/cwt in the dressed market. In the last three weeks, the cattle market has advanced almost $14/cwt. What is driving these rapid increases? An economist would say that demand for cattle is outpacing the supply …
Download PDF The pork cutout has increased its upward momentum lately. Instead of gaining a dollar a week it is now adding close to $2 per week. This week’s average was $86.65, up $1.81/cwt. The problem for packers is that the negotiated hog markets are rising much faster than the cutout. This week, the prices …
