Download PDF The cash cattle market averaged $137.39 this week, up about $0.78from last week’s average. Packers bought more this week thanthey did last week, so perhaps that signals growing confidence thatthey will have enough labor to move kills higher next week. Bothcutouts gained about $10/cwt this week, but by Friday they wereshowing signs of …
Download PDF Cash cattle traded $2 lower this week, averaging close to $136.50.The cutouts roared higher, with the Choice gaining $12.24 on aweekly average basis and the Select up $10.67. That provided ahuge boost to packer margins, which averaged $473/head, up $130/head this week alone. It seems like restricted throughput in thepacking segment is once …
Download PDF I could say that this was yet another week where the pork cutout wentnowhere since it averaged $87.37, only $0.80 higher than last week’saverage. However, that would ignore the wild day-to-day volatility wesaw. On Tuesday, the cutout finished at $81.62 and on Thursday itclosed at $95.28. Needless to say, Thursday was a big …
Download PDF Cash cattle were mostly lower this week, with the weekly averagedropping a dollar to $138.58. It doesn’t look like packers boughtvery many cattle either. That could be because some producersdidn’t want to let them go cheaper, but my guess is that packershave so much uncertainty around their labor supply for the nextcouple of …
Download PDF It was yet another week with the pork cutout going nowhere. It averaged$86.57, down $0.64 from last week’s average. One thing that did change this week was the price of cash hogs. The WCB negotiated market was up almost $6 and the NDD market gained a little over $4.50. It was somewhat curious …
