Download PDF The pork cutout was down only a dollar on an average basis this week,but by the way the futures market reacted, you would think it fell $10.October LH futures were down every day this week, but the lossesreally accelerated late in the week, and the contract dropped over $7 intotal. I think there …
Download PDF The hog and pork complex continued on its downward trajectory thisweek with both the cutout and negotiated hog prices droppingapproximately $5 on a weekly average basis. Meanwhile, the nearbyfutures rose $2. Go figure. The problem in the cutout seems to bealmost entirely limited to the bellies, with the other primals holding aboutsteady on …
Download PDF The hog and pork complex was on the defensive this week, with thecutout losing $6.25 on a weekly average basis and the negotiated hogmarkets dropping by more than $4. With the pork coming down fasterthan the hogs, packer margins compressed. By my calculation packermargins declined $9 this week to average $12.50. One thing …
Download PDF This week the pork cutout softened a bit, losing about $3.25 on aweekly average basis. With the pork coming down faster than the hogmarkets, packer margins compressed, now sitting close to $21/head,down about $4 from last week. Pork by-product values have reallyescalated lately, up about 11% in only four weeks. By-product marketstend to …
Download PDF The hog and pork complex was a little softer this week, as the cutoutdropped $2.10 on a weekly average basis and both the LHI and theNDD negotiated market were down about $1.50. The importantquestion is whether or not this week’s little dip in the cutout is thebeginning of a downtrend or just a …
Download PDF The pork cutout added a little over $2 this week, but the cash hogmarkets remained on the defensive. The WCB negotiated marketdeclined about $3 on a weekly average basis. With the negotiatedmarket moving lower and the cutout moving higher, the LHI stayedessentially flat on the week. In fact, the LHI is at nearly …
Download PDF The negotiated hog markets were lower this week, with the NDDmarket dropping over $3 and the WCB off a little more than $5.The cutout, meanwhile, added about $2.50 on a weekly averagebasis. That helped move packer margins back up to $15/head andit is beginning to feel like packers are in control again after …
Download PDF Prices in the hog and pork complex firmed up this week, with the cutoutgaining a little over $3 and the LHI up a little over $1 on a weeklyaverage basis. It seems as though all of the doom and gloom thatcharacterized this market a couple of weeks back has now faded. Porkbuyers backed …
Download PDF The pork cutout looks like it will eek out another small gain thisweek, probably less than $1 on a weekly average basis. Verylight production as a result of the July 4th holiday is helping tosupport the cutout currently. Packers are not planning a verylarge Saturday kill this week, which is a reflection of …
Download PDF A couple of weeks ago when the futures market was crashing lower,pork buyers headed for the hills. As they backed away from themarket, the cutout fell like a rock and it even printed close to $107only a little over a week after it printed $135. At the time, thatseemed like too much, too …