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Pork Wrap November 12

Download PDF The hog and pork complex eased a bit this week as the cutout droppedabout $2.50 on a weekly average basis and the negotiated hog marketswere down a similar amount. The gains that the cutout posted lastweek were erased this week by a downdraft in the loin primal. Hamswere a little higher and bellies …

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Beef Wrap November 5

Download PDF Cash cattle prices took another step upward this week. Early in theweek, trade was occurring at mostly $128. Trade was rather lightbecause cattle feeders insisted on $130 for any additional cattle andpackers refused to pay it until Friday morning when they capitulatedand $130 was paid in all regions. When all was said and …

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Pork Wrap November 5

Download PDF Uh-oh, here we go again. After several weeks of trending lower,the cutout posted a $1.65 increase this week. We have seen thisbehavior before. The chart below shows the LHI and nearbyfutures between the Aug and Oct expirations. Here the index wasin a steady downtrend until about Sept 20, when some transitorygains in the …

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Pork Wrap October 29

Download PDF Everything continued lower in the hog and pork complex thisweek. The cutout lost $4.12 on a weekly average basis and theNDD negotiated hog market was about $3.50 lower. At this point,everything is being driven by the cutout and the cutout is beingdriven by the bellies and hams. The belly primal continued towork lower, …

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