Download PDF After a couple of weeks of small increases, the pork cutout posted a modest decline this week. On a weekly average basis, it was down $1.41 to $87.05/cwt. Loins were the biggest drag on the cutout, but the hams and bellies also contributed to the decline. The biggest concern right now is the …
Download PDF The biggest surprise in the hog and pork complex this week was the failure of the cutout to decline. We have become accustomed to weekly $1-3 declines in the cutout this fall, but this week the cutout actually averaged $0.13/cwt. higher than the week before. The big driver of this change in direction …
Download PDF Compared to the cattle complex, the hog and pork complex was relatively sedate this week. The cutout drifted $1.79/cwt. lower on a weekly average basis and the WCB negotiated cash hog market averaged $1.12/cwt. lower. As a result, packer margins held pretty close to last week at $13/head. With production approaching its annual …
Download PDF Hog and pork prices continued lower in normal seasonal fashion this week. The cutout dropped $3.87/cwt. on a weekly average basis to $88.76/cwt. and the WCB negotiated market was $1.38 lower to average $72.58/cwt. Given that the cutout was down more than cash hogs, packer margins compressed. I estimate packer margins at a …
Download PDF This week’s surprise in the hog and pork complex was an increase in cash hog prices. The WCB negotiated market added $1.40/cwt. and the National Daily Direct negotiated market averaged $1.42/cwt. higher. At same time, the pork cutout was continuing on its downward path, dropping $2.06 to average $92.63. That put some pressure …
Download PDF It was a $3 week in the hog and pork complex. The WCB negotiated market lost $3.21/cwt. on a weekly average basis, the NDD market averaged $3.57 lower, sow prices dropped $3.58 and the cutout fell $3.11/cwt. Three dollars is more than we have seen in recent weeks, so the speed of price …
Download PDF The pork cutout continued to ease lower this week, dropping $1.65 to average $97.81. That was a little faster decline than what we have seen in recent weeks, but still isn’t consistent with a market that is in trouble. Negotiated hog prices were lower also, with the NDD price dropping $2.31/cwt. on a …
Download PDF For the second week in a row, the pork cutout moved higher, advancing $2.05/cwt. on a weekly average basis to $99.36. Given that the cutout was stronger, there was little reason for packers to pressure cash hog prices and those were mostly steady, with the WCB negotiated market down only $0.18/cwt. on a …
Download PDF For the second week in a row, the pork cutout moved higher, advancing $2.05/cwt. on a weekly average basis to $99.36. Given that the cutout was stronger, there was little reason for packers to pressure cash hog prices and those were mostly steady, with the WCB negotiated market down only $0.18/cwt. on a …
Download PDF The pork market got a little goofy this week as small volume trades at much higher prices in the bellies helped push the cutout back into the $98-99/cwt. area. It is unlikely that the cutout will hold up here now that production is back to normal following the holiday, but for a few …