Beef Wrap November 25
Download PDF This week was full of bad news for packers. First, the cutoutscontinued on a downward trajectory at a time of year when theyshould be rallying. Then, cash cattle prices exploded higher. OnWednesday, cattle feeders dug in their heels and forced packers topay a little more than $3 up for the cattle they will …
Pork Wrap November 25
Download PDF This week, the pork cutout finally gave up some major ground, dropping $4.32 on a weekly average basis to finish just a hair over $90/cwt. This drop was all about weakness in the processing items. The ham primal lost nearly $8/cwt. and the belly primal lost almost $11/cwt. To be fair, the market …
Pork Wrap November 18
Download PDF It was more of the same this week in the US hog and pork complex,with most hog and pork prices continuing to leak lower and thusforcing the futures traders to reconsider their pricing of the Deccontract. The cutout lost $1.75/cwt. on a weekly average basis andthe NDD negotiated hog market was down $1.88/cwt. …
Beef Wrap November 18
Download PDF If one was to only look at the LC futures board this week, they might come to the conclusion that this was a good week for the cattle and beef complex. The reality is not so much. While the Feb futures was busy adding $2.50/cwt, the Choice cutout lost $6.20/cwt. and the Select …