Download PDF After bursting higher last week, prices in the hog and pork complex took a breather this week. The cutout dropped $0.20/cwt. on its way to averaging $100.55 and the WCB negotiated market was down $0.77/cwt. to average $89.15. However, for some strange reason, the front end of the lean hog futures curve posted …
Download PDF The hog and pork complex got pumped up this week, just in time for the Apr futures expiration. The cutout gained $3.85/cwt. on a weekly average basis in moving to $100.76 and the WCB negotiated spot market added $4.54/cwt. on its way to averaging $89.93. As a result, the LHI surged higher, up …
Download PDF Cash hog prices jumped this week and it could be a sign that near-term hog supplies are already starting to tighten up. The WCB negotiated market added $5.01 to average $85.39. The cutout also saw good gains, adding $2.25/cwt on a weekly average basis. Most of the gains came later in the week …
Download PDF The pork cutout gained a little more traction this week, increasing $1.83/cwt. to average $94.66 for the week. Negotiated cash hog prices were more sluggish, with the WCB only gaining $0.10 on a weekly average basis. That helped add a couple of dollars back on packer margins, which now stand at just under …
Download PDF The pork cutout struggled a little this week, averaging $92.83, $0.10/cwt. lower than the week before. As expected, the cutout’s problem was caused by further deterioration in the value of the ham primal. Bellies were nearly unchanged on the week. The good news is that the retail items, and in particular the loins, …
Download PDF The pork cutout got back to its winning ways this week, advancing $1.13 on a weekly average basis to $92.93. The negotiated hog markets continued higher, with prices in the WCB region averaging $78.41, up $2.65 from the week before. This market is a forecaster’s dream. No need to worry about sharp changes …
Download PDF This was the second week in a row where gains in hog prices outpaced increases in the cutout. The cutout only added a paltry $0.23/cwt. on a weekly average basis while the NDD negotiated market was up $2.42. As a result, packer margins trended lower and now stand at just a little under …
Download PDF Belly prices stumbled this week and that was enough to move the cutout below the previous week’s level. The cutout averaged $91.57, down $0.31/cwt from the week before. However, it isn’t all bad news because the belly primal is the only part of the carcass that is currently trending lower. All of the …
Download PDF It was a trifecta week in the US hog and pork complex—the negotiated markets move up a little over $3, the LHI gained a little over $3 and the pork cutout moved $3.49 higher on a weekly average basis. The only one that didn’t join the “three club” was the nearby LH futures, …
Download PDF The hog and pork complex resumed its upward push this week as the cutout gained $2.36 to average $88.39/cwt. and the WCB negotiated market added $3.47 on a weekly average basis. Friday afternoon, the cutout broke above the $90 level for the first time since early October. That helped to inspire confidence in …