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 …
Download PDF What a wild week it has been in the hog and pork complex. It hasbecome abundantly clear that the cutout has finally turned downwardafter six month of moving almost straight up. The chart belowindicates that it is primarily the loins and bellies that have pushed thecutout lower. However, the bellies appeared to bounce …