Market Intel

Pork Wrap May 10

Download PDF Prices across the hog and pork complex were virtually at a standstill again this week.  The cutout moved up $0.47 to average $98.82 and the WCB negotiate market was a mere four cents higher on a weekly average basis.   The lack of upward movement in prices during May is very unusual and it …

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Beef Wrap May 10

Download PDF The beef cutouts finally got a little lift this week, with the Choice adding $2.27/cwt. to average $296.78 and the Select losing $0.72/cwt. to average $288.05.   The gains were driven mostly by increases in the rib and loin primals, with all of the other primals either slightly lower or nearly unchanged on the …

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Pork Wrap May 3

Download PDF In contrast to the cattle market, the hog and pork complex was pretty boring this week.   Negotiated hog prices barely moved, with the NDD averaging $90.97, up $0.42 from the week before.  The cutout also barely moved, averaging $98.35, up a mere $0.16 from the week before.  The LHI actually declined, losing $0.47 …

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Beef Wrap May 3

Download PDF The avian influenza story reared its head again this week as government officials announced they would be testing for traces of the virus in ground beef.  That sent the futures sharply lower as traders assumed that, similar to milk, fragments of the virus would be found in beef.   Then on Thursday, it was …

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