Download PDF This week’s weighted average price for cash cattle was almostexactly $120, pretty much the same level it has been at for the pastfive weeks. The cutouts stalled, with the Choice losing $0.23 andthe Select down $3.04. Many market observers are holding theirbreath waiting for the cutouts to plummet from these extremelevels. I’m not …
Download PDF The JBS cyberattack and subsequent processing difficultiesaffected the pork industry in addition to the beef industry.Tuesday’s kill dropped to 390k, down about 95k from recentnormal weekday kill levels. As with beef, this sent pork buyersscrambling to find product and the cutout moved higher. As ofThursday night, the cutout was up about $6 on …
Download PDF The big news this week was the disruptions at JBS facilities due toa cyberattack. The attack occurred on Sunday, May 30.Fortunately, there was no kill scheduled for Monday since it was aholiday. Most of the JBS beef plants were down on Tuesday andthe daily kill only amounted to 94k, when 120k was more …
Download PDF The cash cattle market was essentially unchanged this week, with theaverage for live transactions coming in at $119.64. In the previous twoweeks, the averages were $119.73 and $119.72, so you can see thatthere has been almost no movement in the cash cattle market for threeweeks now. In fact, it looks like someone is …
