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Pork Wrap July 2

Download PDF A couple of weeks ago when the futures market was crashing lower,pork buyers headed for the hills. As they backed away from themarket, the cutout fell like a rock and it even printed close to $107only a little over a week after it printed $135. At the time, thatseemed like too much, too …

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Beef Wrap July 2

Download PDF Cash cattle prices averaged about $1.50 lower this week to $123.80,but there are some pretty strong regional differences in pricing. Cattlein the Southern Plains are bringing $122 or less while cattle in theNorth are bringing from $125 to $127. There are two factors at workhere. The first is just a general cattle availability …

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Beef Wrap June 25

Download PDF So far, this week’s average cash cattle price is $125.57, up about$3 from last week. Packers are still chasing Choice cattle and arewilling to pay up for them. The cutouts continued to fall, with theChoice off $15.62 on a weekly average basis so far and the Selectoff $14.31. As a result, packer margins …

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Pork Wrap June 25

Download PDF What a wild week it has been in the hog and pork complex. It hasbecome abundantly clear that the cutout has finally turned downwardafter six month of moving almost straight up. The chart belowindicates that it is primarily the loins and bellies that have pushed thecutout lower. However, the bellies appeared to bounce …

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Pork Wrap June 11

Download PDF The hog and pork complex continued higher this week with thecutout adding $3.74 on a weekly average basis and the WCBnegotiated market up a whopping $9.40. Packer margins clocked inat $28/head, down $2 from last week. That margin will shrink furtheronce the full impact of the rapid rise in the negotiated hog marketsgets …

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