Download PDF Something changed this week in the hog and pork complex. For once,everything did not move higher. The pork cutout dropped nearly $5 on aweekly average basis. That drop was driven almost exclusively by weakness in the belly primal, which lost $34 this week and is now at its lowest level since early February. …
Download PDF As usual, both pork prices and hog prices moved higher this week.The cutout was up $2.25 on a weekly average basis while the WCBnegotiated market was almost $6 higher. That was enough tomove packer margins down below $15/hd and those margins willget even smaller next week when the full brunt of the cutout …
Download PDF The pork cutout was about a dollar higher on an average basis this week, but the negotiated cash hog markets were almost $2 higher. That compressed packer margins down to a little under $16/head. The lean hog futures were volatile this week and the most active Jun contract lost almost $7 on the …
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Download PDF The cash hog market continued to impress this week, with the WCB negotiated market rising $7.22 on a weekly average basis and the NDD market up $6.44. Unfortunately for packers, the cutout didnft keep up, with the weekly average almost unchanged from the week before. That dealt a significant blow to packer margins …
Download PDF The cash hog market moved higher again, with the NDD negotiated market gaining a whopping $6.37 on a weekly average basis. The cutout averaged $2.71 higher than last week at the same time. Packer margins were mostly unchanged at $25/hd, but should shrink next week as the big gains in the negotiated market …
no pdf Download PDF The pork cutout marched higher this week, adding a little over $4 from Friday to Friday. The negotiated market kept pace with the NDD market adding $4 also. That means packer margins remained intact¡ªnow near $27/hd. As long as the cutout is rising, I¡¯m guessing that packers won¡¯t mind similar gains …
no pdf Download PDF Last week I said that I was looking for the pork cutout to retreat modestly over the next two weeks. It didn¡¯t happen. On a weekly average basis, the cutout was up slightly ($0.20). What¡¯s more, the cutout actually improved as the week wore on, averaging $85 over Thursday and Friday. …