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Beef Wrap October 22

Download PDF The big news in the cattle and beef complex this week was thestabilization of the cutouts. After declining for the past two months, thecutouts actually posted tiny gains this week. The Choice was up $0.15on a weekly average basis and the Select was up $0.99. To be sure,those gains are really small, but …

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Pork Wrap October 22

Download PDF This week it was the bellies’ turn to pressure the cutout lower.The chart to the right indicates that after several weeks of being thebad guy, hams actually added a small amount to the cutout. Butthat wasn’t nearly enough to offset the pressure that came fromthe belly primal. On a weekly average basis, the …

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Beef Wrap October 15

Download PDF The live market for cash cattle was up a little less than a dollarthis week to $123.85. That puts it about right in the middle of thetrading range it has been stuck in for the last several months.The cutouts continued lower although the losses were very smallnear the end of the week. The …

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Pork Wrap October 15

Download PDF The cutout was lower for the second week in a row, dropping $6on a weekly average basis. The negotiated hog markets weredown less, losing only about $2/cwt. That caused packer marginsto compress about $5 on the week, now sitting just a hair below$30/head. Further erosion in ham prices are largely responsiblefor the decline …

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Beef Wrap October 8

Download PDF I thought about just saying “see last week’s wrap” and call it a day. Once again, it was more of the same in the cattle and beef complex. The only thing that really changed this week was that futures traders realized how oversold the futures had gotten and they corrected that with five …

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Pork Wrap October 8

Download PDF Last week’s relatively small kill didn’t do much to support the pork market this week as the cutout lost $2.44 on a weekly average basis. The negotiated markets were also lower, down $3-4. Interestingly, the LHI was almost unchanged on the week. Nearby futures were down a little over $2. Last week, I …

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