Download PDF The pork cutout was essentially unchanged this week, averaging$95.71. The cash hog markets were another story however, with theNDD negotiated market gaining $8.71 on a weekly average basis.That meant more compression in packer margins, which lost about $7on the week to $23/head. The buzz is all about what is going on inthe cash …
Download PDF The pork cutout continued its upward momentum this week, adding$3.43 to average $95.46. Retail items, and in particular the loins,were the big driver of this week’s gains, along with some help fromthe bellies. That fits with the idea that surging covid infectionswould force consumers back into stay-at-home mode and drivestrong demand at retail. …
Download PDF Cash cattle traded steady to slightly lower this week, averaging$136.93, which was $0.57 below last week’s average. Packerscouldn’t get too excited about buying cattle because the cutouts wereon the defensive for most of the week. However, both cutouts posteda rally on Friday that erased losses from earlier in the week. On aweekly average …
Download PDF This week the pork cutout finally got enough traction to move abovethe $90 mark. For the week, it was up $4.66 to average $92.03.Hams were the primary drivers, with a little assistance from the loinsand bellies. Last week I noted that the hams had gotten ridiculouslycheap and would likely attract some buying attention. …
