Market Intel

Pork Wrap December 16

Download PDF It was another week of limited price changes in the cash hog and pork markets.  The WCB negotiated market dropped $1.44/cwt. on a weekly average basis and the NDD market was down $1.35.  The cutout managed to eek out a $0.20/cwt. gain.  Dec LH futures expired on Wednesday and were cash-settled to the …

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Beef Wrap December 10

Download PDF Packers scored a minor victory this week as they were able to purchase cash cattle at about $1 below last week.  USDA is reporting the weekly average price near $155.60, but the volume traded was only about half of what they purchase in the negotiated market in a normal week.  Obviously, some cattle …

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Pork Wrap December 10

Download PDF The hog and pork complex continued to work lower this week,erasing any hopes that there would be a price rebound before theDec contract expires. The WCB negotiated market dropped$2.53/cwt. on the week and the NDD market was down $1.60/cwt. Bellies had another soft week and that caused the cutout toaverage $86.85, down $0.75 …

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Pork Wrap December 2

Download PDF Negotiated hog prices held rather steady this week as the NDD was up $0.34 on a weekly average basis and the WCB was down $0.14. The problem for packers was that the cutout dropped $2.47/cwt. That shrank their margin once again and I calculate it to be currently just under $7/head. Who would …

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Beef Wrap December 2

Download PDF This week is normally one where the Choice ribs shine and they didn’t disappoint, with the Choice rib primal gaining almost $34/cwt. That is the good news. Perhaps the only good news, because even that huge gain in the ribs was not enough to keep the Choice cutout from averaging $0.62/cwt. below last …

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