Download PDF Bellies continued their correction this week, pressuring the cutout down $8.21/cwt. to average $93.39. In response, packers pressured cash hog prices lower, with the WCB negotiated price dropping $6.84/cwt. to average $81.91. The declines in the cutout and cash hogs are still working their way into the LHI, so this week’s packer margin …
Download PDF Well, it finally happened. Bellies came crashing down today, with the primal falling an eye-popping $58/cwt. in a single day. That, in turn, drove the cutout $11 lower on the day. Interestingly, nearly the exact same thing happened to bellies on August 23rd last year. That marked the beginning of a very long …
Download PDF The pork cutout continued lower this week, dropping $4.13/cwt. on a weekly average basis to $107.79. Cash hog prices were also in retreat with the WCB negotiated market losing $3.47/cwt to average $94.26/cwt. Once again, it was losses by the bellies that were largely responsible for bringing the cutout down. Hams also turned …
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 …
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 …
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 …
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 …
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 …
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 …
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 …