Download PDF Negotiated cash hog markets improved a little bit this week, withthe WCB up $1.46 and the National market quote up $0.86. TheLean Hog Index added $3.32 to average a hair over $104. Mostof that gain was due to the delay in the previous week’s strongercutout and cash hog pricing flowing into the index. …
Download PDF The cash cattle market started to eased further this week, dropping alittle over $2 to average $140.26. The beef cutouts were higher, with theChoice gaining $4.07/cwt and the Select up $2.61. Given that this weekwas the sweet spot for last-minute buying ahead of Memorial Day, it wassomewhat surprising to see the chuck primal …
Download PDF The pork cutout rebounded this week, gaining $2.80/cwt to average$103.57. That is still a bit below the $106 average that hascharacterized the pork market since the middle of February, but doeshelp erase some of the bearishness that was prevalent the weekbefore when the cutout dipped below $100 and thus enabled the Maylean hog …
Download PDF The cash cattle market started to work lower this week, with live tradeaveraging $142.39/cwt, about $1 below last week and the dressedmarket averaging $229/cwt, about $1.50 below last week. Thecutouts were lower again this week, but the declines slowed somewhatas the Choice lost $1.34/cwt and the Select lost $3.64/cwt. Packermargins continued to compress …
Download PDF After months of being stuck at roughly $105, the pork cutout finallymoved lower this week, averaging $100.77. A downturn in hamprices combined with already soft belly prices to take $4.62 off of thecutout this week. While the cutout was moving lower, cash hog priceswere moving higher. The WCB cash market added $2.42 this …
Download PDF It was steady-as-she goes again this week in the pork complex. Thecutout averaged a mere $0.20/cwt higher than last week and the NDDcash hog market gained $0.29/cwt. That is about as boring as it gets forhogs and pork. The one little piece of excitement was a futures rally onTuesday and Wednesday in response …
Download PDF Things just keep getting worse in the beef world. The cutouts were down againthis week with the Choice losing $4.92/cwt on a weekly average basis and theSelect down $4.00/cwt. What’s worse is that the losses are being driven bydeclines in middle meat pricing—a very unusual occurrence in early May. Whilebeef is losing value …
