Download PDF This was not a good week for pork packers. Hog prices increasedsharply, with WCB negotiated prices up $9.25 to average almost$109/cwt and the NDD price was $8.24 higher. At the same time, thecutout was softening, dropping about $2.55 from the week before.That put a big squeeze on margins and pushed them down to …
Download PDF The cash cattle market moved lower again this week with thebulk of the trade occurring at $138, down a little over $2 from lastweek. The cutouts also continued lower, but the decline slowedand by the end of the week the cutouts were starting to movehigher. The Choice averaged $253.70, down $2.02, while theSelect …
Download PDF They say that all good things must eventually come to an end and thisweek the cutout party that had been going on since Christmas came to anabrupt stop. The pork cutout dropped $3.23 on a weekly average basisand was pushed lower by a big drop in belly prices. The bellies hadreached very high …
Download PDF The slide in beef prices continued this week, with the Choice cutoutdropping $5.11 on a weekly average basis and the Select cutoutdown $8.39. Cash cattle finally turned lower, dropping almost $3from the week before to average $140.76. Packer margins finallynarrowed enough that packers felt the need to put some pressure onthe cash cattle …
Download PDF Cash cattle markets averaged about $1 higher this week, but therewas a wide range of prices reported. Early in the week, somepackers stepped up and paid as much as $145 for cash cattle, withmore sold at $144. Then following the news of Russia’s invasion ofUkraine, the futures market fell hard and that prompted …
Download PDF Things slowed down a bit in the hog and pork complex this week. Thecutout was higher, but only up $1.55 on a weekly average basis. Cashhogs were down slightly, with the NDD negotiated market dropping $0.75.The LHI gained $3.67 because it had some catching up to do from theprior week. The next release …
Download PDF Cash hog prices continued higher this week as the WCB negotiatedmarket was up $5.80 on a weekly average basis and the Nationalnegotiated market gained a little over $8. Those gains were enough topush producer margins into positive territory after over three months ofbeing deep underwater. Packers could afford to pay those high hogprices …
Download PDF It was another week where cash cattle prices moved up and cutoutvalues moved lower. Packers came out bidding $142 rather early inthe week and they managed to get the showlists bought for an averageprice of $142.25, which is a little less than $2 over last week’s average.The Choice cutout dropped $6.43 on a …
Download PDF Cash hogs continued to march higher this week, with the WCB adding alittle over $5 on a weekly average basis and the NDD negotiated price up$1.59. It seems that hog availability in the Western Cornbelt region mustbe quite a bit tighter than in the other regions. Prices out of the WCBhave been running …
Download PDF The cash cattle trade averaged $140.52 this week, up about $0.60 fromlast week’s average. Packers bought rather large numbers this weekand so may be able to pull back from the spot market a bit next week.This week’s market had to be a disappointment for cattle feeders afterlast week’s $3 increase, but there seems …