Pork Wrap March 12
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Beef Wrap March 12
Download PDF Yet another week with the cash cattle market stuck at $114. Thatfs six weeks in a row for anyone who is counting. The cutouts continued to fall this week, with the Choice down over $6 and the Select down close to $3. Packer margins moved lower, now at gonlyh $329/hd. The decline in …
Pork Wrap March 5
Download PDF The cash hog market continued to impress this week, with the WCB negotiated market rising $7.22 on a weekly average basis and the NDD market up $6.44. Unfortunately for packers, the cutout didnft keep up, with the weekly average almost unchanged from the week before. That dealt a significant blow to packer margins …
Beef Wrap March 5
Download PDF Another week with the cash cattle market stuck at $114. The cutouts are retreating now after posting a top in the week following the deep freeze. On a weekly average basis, the Choice cutout was down $6, while the Select was off more than $5. The decline in the cutouts was not unexpected …
Beef Wrap February 26
Download PDF The cash cattle market remained stagnant at mostly $114 this week, although there were a few instances of $114.50 paid. This is the third week in a row that prices were basically unchanged at $114. The futures market is beginning to lose its patience and moved lower, including a big drop on Friday. …
Pork Wrap February 13
no pdf Download PDF The pork cutout marched higher this week, adding a little over $4 from Friday to Friday. The negotiated market kept pace with the NDD market adding $4 also. That means packer margins remained intact¡ªnow near $27/hd. As long as the cutout is rising, I¡¯m guessing that packers won¡¯t mind similar gains …
Beef Wrap February 13
no pdf Download PDF The cash cattle trade has been very light this week, with prices being reported in the $113-114 range. Packers have been drawing hard on contract cattle in order to stay out of the cash market, but that strategy only works for a week or so. Cattle feeders probably have no qualms …
Pork Wrap February 6
no pdf Download PDF Last week I said that I was looking for the pork cutout to retreat modestly over the next two weeks. It didn¡¯t happen. On a weekly average basis, the cutout was up slightly ($0.20). What¡¯s more, the cutout actually improved as the week wore on, averaging $85 over Thursday and Friday. …
Beef Wrap February 6
no pdf Download PDF It was another positive week for the cattle and beef complex as cash cattle, cutouts and futures were all higher. Cash cattle traded mostly between $113-114 this week and my guess is that there were more $114s than $113s, but we will only know that on Monday. The Choice cutout gained …
Pork Wrap Jan 30
Download PDF Last week I said that we should watch the pork cutout this week for signs that it would buckle under the weight of large production. It didn¡¯t. The cutout added almost $3 this week (weekly average basis) and this happened on the heels of a 2.75 million head kill the week before. So, …