Download PDF The beef cutouts continued to work higher this week, althoughprobably at a slower pace than most were expecting. The Choicecutout added $3.69 while the Select was up $2.40. Cash cattletraded mostly steady, averaging $138.96, about $0.50 above lastweek’s average. Packers reloaded their cattle inventory this week,buying the largest number of negotiated cattle in …
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 …
