Download PDF The cash cattle market traded lower again this week, with transactions in the Southern Plains at mostly $170, down $1 from the week before, while trades in the North were from $167-170, with more activity located at the lower end of that range. For the week, it looks like the average 5-area live …
Download PDF Negotiated base prices for hogs dropped below $50/cwt. this week, with the WCB market averaging $49, down $3.84 from the week before. The cutout posted a tiny gain, up $0.21 to average $84.48/cwt. The cutout has averaged in the $84-85 range for the past four weeks. That may give the impression that it …
Download PDF The pork cutout eased a little bit more this week, dropping $0.71/cwt. to average $84.27. However, the negotiated hog markets came under substantial pressure, with the WCB price dropping $3.75/cwt. on a weekly average basis and the NDD price down $4.54/cwt. There is a very real possibility that some hogs will trade for …
Download PDF It was another tough week in the cattle and beef markets. The nearby Dec LC contract lost nearly $4/cwt., finishing up at $165.45. On Thursday, it settled three dollars lower than that. Why were traders so pessimistic? Well, there wasn’t much good news in either the cash cattle market or the beef market. …
Download PDF The pork cutout was nearly steady this week, down only $0.06/cwt. from last week’s average. Cash hog prices fared much worse however, as the NDD negotiated market dropped $3.32/cwt. to average $57.91. That caused packer margins to expand to almost $25/head, which is about $5 higher than last week. The action in the …
Download PDF The rib primal finally came to life this week, jumping a little over $25/cwt. to average $573.27. That isn’t too far off of the all-time record high at $609/cwt. set back in September of 2021. This is a result of last-minute holiday buying and is carefully orchestrated by packers because they will be …
