Download PDF The pork complex continued to ease lower this week, with thecutout dropping $1.16 on a weekly average basis. It is really avery gentle easing, with the cutout down only $2.40 in the last twoweeks. For the past five weeks, the cutout has been stuck in the$104-106 range on a weekly average basis. Packers …
Download PDF Price direction in the hog and pork complex isn’t very easy to discernright now. Last week it looked as though the combined margin mightbe making a bottom and we were on the cusp of a new upcycle indemand. This week however, the market didn’t follow through andthat raises the potential that it was …
Download PDF The bulls in the hog market had been frustrated in recent weeks bysofter cutouts and mostly sideways LHI. However, when the cutoutshowed a modest amount of strength this week, the bulls explodedonto the scene, forcing the Jun contract up almost $10/cwt. Thatreally seems like an excessive reaction in a week where the cutoutonly …
Download PDF This was a week for treading water in the hog and pork complex. Therewas very little overall change in the cash market variables. Thenegotiated market was $1.08 higher in the WCB and $2.48 higher in theNDD market. The LHI gained a paltry $0.80 and the cutout lost $0.74.The one thing that didn’t tread …
Download PDF This was not a good week for pork packers. Hog prices increasedsharply, with WCB negotiated prices up $9.25 to average almost$109/cwt and the NDD price was $8.24 higher. At the same time, thecutout was softening, dropping about $2.55 from the week before.That put a big squeeze on margins and pushed them down to …
Download PDF They say that all good things must eventually come to an end and thisweek the cutout party that had been going on since Christmas came to anabrupt stop. The pork cutout dropped $3.23 on a weekly average basisand was pushed lower by a big drop in belly prices. The bellies hadreached very high …
Download PDF Things slowed down a bit in the hog and pork complex this week. Thecutout was higher, but only up $1.55 on a weekly average basis. Cashhogs were down slightly, with the NDD negotiated market dropping $0.75.The LHI gained $3.67 because it had some catching up to do from theprior week. The next release …
Download PDF Cash hog prices continued higher this week as the WCB negotiatedmarket was up $5.80 on a weekly average basis and the Nationalnegotiated market gained a little over $8. Those gains were enough topush producer margins into positive territory after over three months ofbeing deep underwater. Packers could afford to pay those high hogprices …
Download PDF Cash hogs continued to march higher this week, with the WCB adding alittle over $5 on a weekly average basis and the NDD negotiated price up$1.59. It seems that hog availability in the Western Cornbelt region mustbe quite a bit tighter than in the other regions. Prices out of the WCBhave been running …
Download PDF The pork cutout was essentially unchanged this week, averaging$95.71. The cash hog markets were another story however, with theNDD negotiated market gaining $8.71 on a weekly average basis.That meant more compression in packer margins, which lost about $7on the week to $23/head. The buzz is all about what is going on inthe cash …