Beef Wrap May 13

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 …

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Pork Wrap May 13

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 …

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Pork Wrap May 6

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 …

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Beef Wrap May 6

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 …

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