Pork Wrap

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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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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Pork Wrap Jan 16, 2021

Download PDF Cash hogs were a little lower on the week, with the NDD negotiated market off $2.22 Friday-to-Friday. The WCB however, was up $0.72 this week. Ifve noticed that the regional hog prices and the national hog price have been really disjointed since the first of the year when USDA went to putting all …

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Pork Wrap December 19

No pdf Download PDF The pricing situation in the hog and pork complex is growing weaker. The cutout dropped over $8 Friday-to-Friday and the WCB negotiated market lost a little over $3. In this market, so much is driven by the cutout that it makes sense to put a lot of effort into understanding where …

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Pork Wrap December 14, 2020

The negotiated hog markets continued to leak a little lower, with the NDD cash market down $2.37 Friday-to-Friday, but on a weekly average basis it was just $1.59 lower.

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