Pork Wrap October 1
Download PDF The big news in the hog and pork complex this week was a $7+ surgein the cutout (weekly average basis) that was driven primarily by stronggains in the hams and bellies (chart below). The remaining primalswere pretty much steady on the week. The cutout gains wereimpressive considering the size of last week’s kill. …
Beef Wrap October 1
Download PDF Cash cattle averaged a dollar lower this week at $122.65, but otherthan that, it was more of the same in the cattle and beef complexthis week. The cutouts continued lower, with the Choice downalmost $11 on a weekly average basis and the select down a littleless than $6. That compressed the Choice-Select spread …
Beef Wrap September 24
Download PDF It was more of the same in the cattle and beef complex this week—cash cattle steady in the $123-124 range and beef cutouts fallinglike a rock. The Choice was down $11.47 on a weekly averagebasis and the Select was off $8.58. Some packers did plantmaintenance this week and that limited the fed kill …
Pork Wrap September 24
Download PDF Pork packer margins expanded to $25/head this week as hog pricescontinued to fall and the pork cutout managed to hold steady. Thenegotiated hog markets were $5-6 lower on a weekly average basisand the cutout was lower through Thursday and then a sharp bumphigher on Friday moved the weekly average about $0.85 over lastweek’s …
Beef Wrap September 17
Download PDF The cash cattle market was a little lower this week, with the averagelive trade done close to $124. In the prior four weeks it had beencloser to $125. The beef market continued its retreat with bothcutouts down about $12 on a weekly average basis. That said, theChoice cutout finished up on Friday at …
Pork Wrap September 17
Download PDF Both the cutout and the LHI were down about $2.75 on an average basis this week, so packer margins didn’t change much. They currently sit close to $17.50/head. The negotiated hog markets have been moving steady lower, with the WCB down $6.15 this week and the NDD down $4.56. Those declines haven’t been …