Download PDF After months of being stuck at roughly $105, the pork cutout finallymoved lower this week, averaging $100.77. A downturn in hamprices combined with already soft belly prices to take $4.62 off of thecutout this week. While the cutout was moving lower, cash hog priceswere moving higher. The WCB cash market added $2.42 this …
Download PDF It was steady-as-she goes again this week in the pork complex. Thecutout averaged a mere $0.20/cwt higher than last week and the NDDcash hog market gained $0.29/cwt. That is about as boring as it gets forhogs and pork. The one little piece of excitement was a futures rally onTuesday and Wednesday in response …
Download PDF The pork market got back on its downward trajectory this week, with the cutout dropping $4.13/cwt to average $105.18. Cash hog markets were higher, with the WCB negotiated market rising $2.81 and the NDD up $0.86. The LHI gained almost $1 to $102.20. Hogs up and pork down is a bad combination for …
Download PDF Last week, I said it was important that we see the cutout hold on to itsgains. It managed to do that this week, but it didn’t add very much.The cutout was up $1.10 on a weekly average basis and the attachedchart shows that all of the primals contributed a little bit to this …
Download PDF The pork market moved higher this week, with the cutout gaining$4.10 to average $108.22. Most of that gain can be attributable tothe hams and bellies. Cash hogs, on the other hand, eased lowerwith the NDD negotiated market losing $1.87 on a weekly averagebasis. That brought some much needed help to packer margins,which moved …
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 …