Download PDF Cash cattle averaged close to $119 this week, down about $2 fromlast week’s average. The cutouts were headed in the otherdirection, with the Choice gaining $11.60 on a weekly average basisand the Select up $7.68. At the end of the week, the Choice cutoutwas approaching $297 and yes, I had to revise all …
Download PDF As usual, both pork prices and hog prices moved higher this week.The cutout was up $2.25 on a weekly average basis while the WCBnegotiated market was almost $6 higher. That was enough tomove packer margins down below $15/hd and those margins willget even smaller next week when the full brunt of the cutout …
Download PDF The cash cattle market felt soft again this week, but the weeklyaverage cash price for the live trade was only down about $0.70 to$121.36. Part of the reason that it felt soft was that there weresome cattle feeders that accepted prices below $120, although theaverage suggests there weren’t too many of those. The …
Download PDF The weekly average of cash cattle traded live this week was $121.93,just a hair under the $122.01 posted last week. The dressed tradecame in at $195.63, slightly above last week’s average of $195.30. Soit is safe to say the cash cattle market was essentially flat this week,but boy it sure didn’t feel like …
Download PDF The pork cutout was about a dollar higher on an average basis this week, but the negotiated cash hog markets were almost $2 higher. That compressed packer margins down to a little under $16/head. The lean hog futures were volatile this week and the most active Jun contract lost almost $7 on the …
Download PDF The cash cattle market moved sharply higher this week, withaverage prices near $122, up nearly $4 from the week before.There were even reports of some trade at $123. So, how does amarket go from being stuck at $114 for seven weeks to jumping $8in the last three weeks? You can thank the astounding …
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Download PDF Last week, the cash cattle market traded near $116 and this week’s average looks like it will be closer to $118. There were even a few trades noted north of $120, but those were probably special case cattle. Nonetheless, the message is clear: the cattle market is on the move higher. Packers seem …
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