Pork Wrap July 30
Download PDF The pork cutout added a little over $2 this week, but the cash hogmarkets remained on the defensive. The WCB negotiated marketdeclined about $3 on a weekly average basis. With the negotiatedmarket moving lower and the cutout moving higher, the LHI stayedessentially flat on the week. In fact, the LHI is at nearly …
Beef Wrap July 30
Download PDF Cash cattle traded about steady with last week, averaging $121.05on the week. The cash market for cattle has been stuck in a verynarrow range between $120 and $123 for the past 11 weeks,excepting one week where a $125 price was observed. Should weexpect that to change anytime soon? Probably not. The cutouts arerising …
Beef Wrap July 23
Download PDF Cash cattle markets were mostly lower, with the average so farthis week at $120.21, down over $2.50 from last week’saverage. The cutouts also continued lower, with both downabout $6 on a weekly average basis. However, the cutouts didmanage to eek out small gains on Wednesday and Thursday,which has some wondering whether or not …
Pork Wrap July 23
Download PDF The negotiated hog markets were lower this week, with the NDDmarket dropping over $3 and the WCB off a little more than $5.The cutout, meanwhile, added about $2.50 on a weekly averagebasis. That helped move packer margins back up to $15/head andit is beginning to feel like packers are in control again after …
Beef Wrap July 16
Download PDF Cash cattle prices were a little higher this week, averaging$122.56, up about $0.40 from last week’s average. We still have atwo-tiered market, with cattle in the North selling for a couple ofdollars more than those in the South. The beef market continuedto move lower, with the Choice cutout dropping a little over $10and …
Pork Wrap July 16
Download PDF Prices in the hog and pork complex firmed up this week, with the cutoutgaining a little over $3 and the LHI up a little over $1 on a weeklyaverage basis. It seems as though all of the doom and gloom thatcharacterized this market a couple of weeks back has now faded. Porkbuyers backed …
Pork Wrap July 9
Download PDF The pork cutout looks like it will eek out another small gain thisweek, probably less than $1 on a weekly average basis. Verylight production as a result of the July 4th holiday is helping tosupport the cutout currently. Packers are not planning a verylarge Saturday kill this week, which is a reflection of …
Beef Wrap July 9
Download PDF Cash cattle continued to trade in a two-tiered market this week,with cattle in the North bringing $124-126 and cattle in the Southbringing $120-122. It looks like the weighted average will be closeto $121, so that is down almost $3 from last week’s average near$124. There are two things going on here. First cattle …
