Download PDF The bulls in the hog market had been frustrated in recent weeks bysofter cutouts and mostly sideways LHI. However, when the cutoutshowed a modest amount of strength this week, the bulls explodedonto the scene, forcing the Jun contract up almost $10/cwt. Thatreally seems like an excessive reaction in a week where the cutoutonly …
Download PDF Packer margins got a little more breathing room this week as thecutouts advanced while cash cattle stayed relatively flat. The Choicecutout gained $3.64 on a weekly average basis and the Select wasup $2.79. This looks like the beginning of the usual spring rally in thebeef market. How high and how fast it goes …
Download PDF This was a week for treading water in the hog and pork complex. Therewas very little overall change in the cash market variables. Thenegotiated market was $1.08 higher in the WCB and $2.48 higher in theNDD market. The LHI gained a paltry $0.80 and the cutout lost $0.74.The one thing that didn’t tread …
Download PDF This was not a good week for pork packers. Hog prices increasedsharply, with WCB negotiated prices up $9.25 to average almost$109/cwt and the NDD price was $8.24 higher. At the same time, thecutout was softening, dropping about $2.55 from the week before.That put a big squeeze on margins and pushed them down to …
