Download PDF The main feature in this week’s market was the cutout dippingbelow the $100 mark for several days and averaging $2.86/cwt.less than last week. There were some interesting dynamicswithin the carcass and within the week however, starting with thesurprising bump higher in the belly market on Friday. Prior toFriday, the bellies had been trading …
Download PDF The seasonal increase in beef prices got underway in earnest thisweek, with the Choice cutout gaining $9.26/cwt. and the Selectcutout up $7.69/cwt. Of course, when cattle feeders saw that,they wanted their piece of the pie, and they got it. Cash cattleprices advanced almost $2/cwt. to finish the week very close to$152/cwt. Since the …
Download PDF This week saw the pork cutout stall, averaging $102.46/cwt.,down $0.23/cwt. from last week’s average. A $102 cutout in lateOctober is pretty impressive, but what is even more impressive isthe renewed strength in cash hog prices. This week the WCBnegotiated market averaged $97.38, up $6.75 from the weekbefore. The NDD negotiated market was up …
Download PDF The cash cattle market surged higher this week, jumping $3/cwt. toaverage just over $150. Packers were short on cattle due to havingpurchased a rather light volume the week before. It also looks likethey are holding a relatively big forward book that they will need todeliver on in the next few weeks, so that …
Download PDF The pork cutout pressed higher for the second week in a row,averaging $102.68/cwt., up $2.59 from the week before. Almost all ofthis gain was accomplished on the back of the bellies and hams. Theretail primals were all steady to slightly weaker. While the pork wasgaining value, the hog market was slipping lower. The …
Download PDF The beef market just seems to be going nowhere. This week, theChoice cutout averaged 246.31/cwt, down $0.58 from last week.This is the third week in a row that the Choice cutout has beenstuck at $246+change. The Select cutout was a lot weakerhowever, down $4.37 on the week. Apparently no one wantsSelect grade beef. …
Download PDF After trending lower for the past couple of months, the pork cutoutmanaged a small gain this week, adding $0.57 to average justover the $100 mark. Cash hog markets were a little weaker, withthe WCB negotiated market dropping $1.74/cwt. on a weeklyaverage basis. With pork moving up slightly and cash hog pricesmoving lower, packer …
Download PDF It was a pretty quiet week in the beef market with the Choicecutout only gaining $0.16/cwt. on a weekly average basis and theSelect cutout losing $1.62/cwt. As a result, the blended cutoutwas just a few cents lower on the week. The cash cattle marketwas stronger, averaging close to $146, which was about $1.20/cwt …
