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 …
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 …
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 …
Download PDF For the first time in six weeks, the pork cutout failed to advance. The cutout averaged $82.51/cwt. this week, down $1.36 from last week’s average. If that seems like a small thing, it probably is, but futures traders took it very seriously and pummeled the entire curve this week. Friday-to-Friday, the July contract …
Download PDF For the fifth week in a row, the pork cutout was up just a little over a dollar, averaging $83.86/cwt. The slow, steady climb in the cutout represents some very modest demand improvement and slowly declining pork production. But the pace of price improvement has been glacial and that is very unusual at …
Download PDF The pork cutout continued to work its way slowly higher, gaining $1.56/cwt. to average $82.48 for the week. Almost all of that gain was driven by a strong showing in the ham complex. Bellies still have yet to waken from their 2023 slumber, but the forecast has them moving gradually higher as production …
Download PDF The pork cutout continued to work slowly higher this week, up $1.80/cwt. on a weekly average basis. Small week-on-week changes in the cutout have been a persistent feature of this market since January. Today the futures bulls showed their frustration with this slow motion pork market by trashing the entire futures curve. They …
Download PDF It was more of the same for the pork cutout this week, posting a tiny $0.73/cwt. gain to average $79.12 for the week. The real excitement however, was in the cash hog market where the WCB negotiated price moved $3.24/cwt higher to average $71.69/cwt. The NDD also gained, but it was up only …
Download PDF This week, cash hog prices continued to track lower, with the WCB negotiated market losing $2.57/cwt. on a weekly average basis. Clearly, the supply of market-ready hogs has not tightened up much and that has provided packers with leverage to keep hog prices on the defensive. The cutout was up $1.12/cwt. this week, …
Download PDF This week, while all of the fireworks were going off in the cattle and beef complex, it was just more of the same in the hog and pork complex. Hog and pork prices continued to their painfully slow grind lower. The NDD negotiated hog market was down $1.56/cwt. on a weekly average basis …