Download PDF Things got a little more uncomfortable for pork packers this week withthe cutout declining and the price of cash hogs rising. On a weeklyaverage basis, the cutout dropped $1.91/cwt this week and the WCBnegotiated market was up $2.88/cwt. By my calculation, that pushedpacker margins a little more than $1 into the red. Negative …
Download PDF The beef cutouts continued higher this week, with the Choice gaining $3.81/cwt and the Select up $0.41. The cutouts started to struggle some near the end of the week and that makes me think that the early week gains were at least partly a function of the short kill the week before. The …
Download PDF The hog and pork complex continued along its upward path this week, with the cutout adding $2.45/cwt on a weekly average basis and the NDD negotiated hog market gaining $3.15. Negotiated hog prices are rising because of the seasonal tightness in the hog supply that is causing packers to have to dig a …
Download PDF The cash cattle market continued lower again this week, averaging$137.84, which was down about $1.25 from last week’s average.The holiday on Monday reduced beef production for the week andhelped to support the cutouts. The Choice cutout added $3.17/cwt ona weekly average basis and the Select was up $4.39/cwt. Futurestraders were excited to see …
