Pork Wrap December 3
Download PDF On a weekly average basis, the pork cutout was essentiallyunchanged this week, but Friday-to-Friday it was down $2.61.Cash hogs rallied strongly this week, with the WCB negotiatedmarket gaining over $9 and the NDD market up nearly $7 Fridayto-Friday. Of course this begs the question as to why packerswould be paying so much more …
Beef Wrap December 3
Download PDF The cash cattle market moved higher once again this week, withprices averaging $140.46, up a little more than $2 from last week’saverage. The cash market has added close to $16 in the last sixweeks. Can all of that be attributed to a tightening cattle supply?Possibly, but it seems like an awful big increase …
Pork Wrap November 26
Download PDF The hog and pork complex has remained on a downward trajectory inrecent days. The pork cutout has lost almost $10 over the past seventrading days and the NDD cash hog market is down $2.60 over thesame period. Futures traders have remained optimistic that aturnaround is coming as the nearby Dec LH contract dropped …
Beef Wrap November 26
Download PDF The cash cattle market continues to march higher while the beefmarket slips lower. Last week’s average price for cash cattle was alittle over $133, up $2 from the week before and so far this week,packers have come out bidding $135 to $137. Cattle feeders havepackers over a barrel and they know it. Over …
Beef Wrap November 12
Download PDF This week the cash cattle market moved up $1-2 over last week andmovement was pretty brisk. It looks like the weekly average is goingto finish somewhere around $131.50. While cattle prices were busyadvancing, beef prices were slipping. The Choice cutout dropped$2.36 on a weekly average basis and the Select was up $1.74.Perhaps the …