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Beef Wrap March 12, 2021

Download PDF Yet another week with the cash cattle market stuck at $114.  Thatfs 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 gonlyh $329/hd.   The decline in …

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Pork Wrap March 5, 2021

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 didnft keep up, with the weekly average almost unchanged from the week before. That dealt a significant blow to packer margins …

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Beef Wrap March 5, 2021

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 …

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Pork Wrap February 13, 2021

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 …

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Pork Wrap Jan 30, 2021

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, …

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