Download PDF Prices in the hog and pork complex continued to leak lower this week, led by the cutout which lost a little less than $2 to average $94.30. Negotiated hogs in the WCB region were down $0.89 on a weekly average basis at $77.21. Packer margins compressed a little, now close to $11/head, down …
Download PDF It was a flat week for prices in the hog and pork complex. The cutout gained $0.38/cwt as it averaged $96.27 for the short week. Cash hog markets were also steady, with the WCB negotiated price up only $0.05/cwt. In spite of this, the front month futures moved lower with the Oct contract …
Download PDF Negotiated hog prices came under pressure this week, with the WCB base price falling $4.50/cwt. on a weekly average basis to $78.11. That was the biggest weekly price decline in almost a year. There isn’t much doubt that hog supplies are increasing seasonally, but some of this week’s big decline is also probably …
Download PDF An odd thing happened in the hog and pork complex this week. Pricing for most of the cuts and hogs moved lower, yet the nearby Oct futures rallied over $5. I think there were a couple of things driving this weird outcome. The first and probably most important, was that the Oct contract …
Download PDF Prices in the hog and pork complex inched higher this week, with the cutout gaining $0.71 on a weekly average basis and the WCB negotiated hog market adding $0.81. The cutout averaged $105.49 this week, but the highest cutout was recorded on Monday and the lowest on Friday, which suggests that it may …
Download PDF The pork cutout advanced $4.60 this week on its way to averaging $104.78—the highest cutout in almost a year. This marks the second week in a row where the cutout has gained more than $4. Needless to say, there is a bull market going on in pork. The same cannot be said of …
Download PDF Well, it finally happened. The pork cutout came to life this week, adding $4.35 to average $100.18. That is the biggest increase in the cutout in over a year. The sharp gains were driven by the perfect storm of hams and bellies both moving higher at the same time. Both were on our …
Download PDF After watching their margin compress over the past few weeks, pork packers finally got some good news as cash hog prices eased while the cutout moved higher. I estimate this week’s margin near $6.50/head, up about $4 from the week before. The cutout added $1.26 on a weekly average basis as it moved …
Download PDF Pork packing margins continued to compress this week as the cutout dropped while negotiated hog prices were a little higher. The cutout lost $1.72/cwt. on a weekly average basis on its way to $94.57. That was the first sub-$95 weekly average since the end of March. The NDD negotiated market averaged $1.66 higher …
Download PDF Packer margins came under pressure this week as the cutout dropped and cash hog prices were a little higher. On a weekly average basis, the cutout was down $2.01 to $96.29 while the NDD negotiated market was $1.06 higher to $88.54. That left packer margins at only $5/head—a three-dollar drop from the week …