Download PDF Prices in the hog and pork complex continued their orderly march lower this week, as the cutout averaged $82.30, down $2.09/cwt. from last week. Negotiated hogs fared a little better and the NDD negotiated base price was down $1.28 to average $47.78. With the cutout coming down faster than cash hogs, packer margins …
Download PDF The beef markets were mixed this week, with the Choice cutout losing $1.57/cwt. on a weekly average basis while the Select cutout added $2.88. Cash cattle traded a little higher, with the weekly average expected to be around $170.35. That would be up $1.64 from last week’s average. Beef prices are starting to …
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. …
