Pork Wrap

Pork Wrap January 21

Download PDF This week the pork cutout finally got enough traction to move abovethe $90 mark. For the week, it was up $4.66 to average $92.03.Hams were the primary drivers, with a little assistance from the loinsand bellies. Last week I noted that the hams had gotten ridiculouslycheap and would likely attract some buying attention. …

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Pork Wrap January 14

Download PDF I could say that this was yet another week where the pork cutout wentnowhere since it averaged $87.37, only $0.80 higher than last week’saverage. However, that would ignore the wild day-to-day volatility wesaw. On Tuesday, the cutout finished at $81.62 and on Thursday itclosed at $95.28. Needless to say, Thursday was a big …

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Pork Wrap January 7

Download PDF It was yet another week with the pork cutout going nowhere. It averaged$86.57, down $0.64 from last week’s average. One thing that did change this week was the price of cash hogs. The WCB negotiated market was up almost $6 and the NDD market gained a little over $4.50. It was somewhat curious …

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Pork Wrap December 31

Download PDF The hog and pork complex remained stuck in neutral for yet anotherweek. The WCB cash market averaged $0.25 lower on the week,while NDD cash market posted a $0.94 gain. The cutout managed$0.33 higher on a weekly average basis. As a result, the LHI wasalmost unchanged on the week, averaging $71.93. It feels likeparticipants …

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Pork Wrap December 24

Download PDF The hog and pork complex experienced another steady week. Thenegotiated markets were essentially unchanged from the week beforeand the cutout averaged $0.65 lower than the week before. In themidst of this uneventful week in the cash markets, the Feb futuressaw fit to rally almost $2.50 and is now trading close to $12 over …

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Pork Wrap December 17

Download PDF The Dec LH futures cash settled on Tuesday to a LHI of $72.30. At theend of the week, the LHI was still very close to that level. The Febfutures, which are now the nearby, moved lower the first three days ofthe week, but then rebounded on Thursday and Friday to finish theweek almost …

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Pork Wrap December 10

Download PDF 2020 and 2019 the cutout hit a flat spot from late November intoearly December before turning lower in the last few weeks of theyear. I suspect that we will witness a similar pattern this year too.The fact that the negotiated hog markets have moved higher inthe past couple of weeks has given hope …

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Pork Wrap December 3

Download PDF On a weekly average basis, the pork cutout was essentiallyunchanged this week, but Friday-to-Friday it was down $2.61.Cash hogs rallied strongly this week, with the WCB negotiatedmarket gaining over $9 and the NDD market up nearly $7 Fridayto-Friday. Of course this begs the question as to why packerswould be paying so much more …

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Pork Wrap November 26

Download PDF The hog and pork complex has remained on a downward trajectory inrecent days. The pork cutout has lost almost $10 over the past seventrading days and the NDD cash hog market is down $2.60 over thesame period. Futures traders have remained optimistic that aturnaround is coming as the nearby Dec LH contract dropped …

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Pork Wrap November 12

Download PDF The hog and pork complex eased a bit this week as the cutout droppedabout $2.50 on a weekly average basis and the negotiated hog marketswere down a similar amount. The gains that the cutout posted lastweek were erased this week by a downdraft in the loin primal. Hamswere a little higher and bellies …

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