Pork Wrap

Pork Wrap August 11

Download PDF Prices in the hog and pork complex took a step lower this week and in doing so, they have cemented the top in the summer market and begun the long slide lower into winter.   After being mostly straight up since April, the cutout dropped $2.98/cwt. to average $111.92.   Right on cue, the negotiated …

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Pork Wrap July 29

Download PDF The hog and pork complex is starting to behave as if it is approaching a top after rising persistently since April.  It looks like it is going to be one of those tops that is carved out gradually, rather than abruptly.  This week the cutout only advanced $0.57/cwt on a weekly average basis …

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Pork Wrap July 21

Download PDF Cash hog prices worked higher again this week, with the WCB negotiated market averaging $104.13, a $3.50/cwt increase from last week.  Packers can afford to pay more for hogs because they are getting more for their pork.  This week, the cutout averaged $113.67, up $2.26 from last week’s average.  The cutout has been …

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Pork Wrap July 14

Download PDF Prices in the hog and pork complex continued on their upward trajectory this week, with the cutout adding almost $3/cwt through Thursday on a weekly average basis, and the WCB negotiated market gaining a little over $2/cwt.  This week we saw several instances of triple digit cash hog prices, with the peak reported …

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Pork Wrap July 7

Download PDF Price levels continued to march higher in the hog and pork complex this week.  The cutout added $6.58/cwt. on a weekly average basis and as of Friday afternoon was just a whisker away from $108.  This is really starting to look like the kind of summer market that we have all grown accustomed …

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Pork Wrap June 30

Download PDF The pork cutout breached the $100 mark this week, the first time that has happened since last October.  All of the primals contributed in that effort, but it was the bellies, loins and  butts that did the heavy lifting.  The cutout averaged $100.83 on the week, up $4.70/cwt from last week’s average.  The …

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Pork Wrap June 23

Download PDF This week started similar to last week, with cattle feeders in the South quick to take lower money ($178/cwt.) on Tuesday.  When that happens, packers become fairly confident they are going to get the full showlist bought at lower money, but it didn’t play out that way this week.  Packers found it difficult …

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Pork Wrap June 16

Download PDF Prices in the hog and pork complex continued higher this week, with the NDD negotiated hog market adding $3.69/cwt on a weekly average basis.  The cutout was also stronger, averaging $2.93/cwt higher through Thursday.  So now instead of $1 or $2 gains in the cutout, now we are getting close to $3 a …

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Pork Wrap June 9

Download PDF The pork cutout has increased its upward momentum lately.  Instead of gaining a dollar a week it is now adding close to $2 per week.  This week’s average was $86.65, up $1.81/cwt.  The problem for packers is that the negotiated hog markets are rising much faster than the cutout.  This week, the prices …

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Pork Wrap June 2

Download PDF This week’s holiday reduced kill helped packers add $2.33/cwt to the pork cutout on a weekly average basis.  At the same time, they paid close to $3/cwt more for cash hogs in the negotiated market.   Price gains in early June should not be a surprise to anyone and the holiday-shortened kill helped to …

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