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 …
Download PDF This week’s holiday reduced kill helped packers add $2.33/cwt to the pork cutout on a weekly average basis. At the same time, they paid close to $3/cwt more for cash hogs in the negotiated market. Price gains in early June should not be a surprise to anyone and the holiday-shortened kill helped to …
