Download PDF The hog and pork complex was affected by the same holiday and weather disruptions that plagued the cattle and beef complex this week. Nasty winter weather doesn’t have as big of an impact on hogs as cattle because the hogs are raised indoors in heated facilities, but it does affect transportation of the …
Download PDF It was another week of limited price changes in the cash hog and pork markets. The WCB negotiated market dropped $1.44/cwt. on a weekly average basis and the NDD market was down $1.35. The cutout managed to eek out a $0.20/cwt. gain. Dec LH futures expired on Wednesday and were cash-settled to the …
Download PDF The hog and pork complex continued to work lower this week,erasing any hopes that there would be a price rebound before theDec contract expires. The WCB negotiated market dropped$2.53/cwt. on the week and the NDD market was down $1.60/cwt. Bellies had another soft week and that caused the cutout toaverage $86.85, down $0.75 …
Download PDF Negotiated hog prices held rather steady this week as the NDD was up $0.34 on a weekly average basis and the WCB was down $0.14. The problem for packers was that the cutout dropped $2.47/cwt. That shrank their margin once again and I calculate it to be currently just under $7/head. Who would …
Download PDF This week, the pork cutout finally gave up some major ground, dropping $4.32 on a weekly average basis to finish just a hair over $90/cwt. This drop was all about weakness in the processing items. The ham primal lost nearly $8/cwt. and the belly primal lost almost $11/cwt. To be fair, the market …
Download PDF It was more of the same this week in the US hog and pork complex,with most hog and pork prices continuing to leak lower and thusforcing the futures traders to reconsider their pricing of the Deccontract. The cutout lost $1.75/cwt. on a weekly average basis andthe NDD negotiated hog market was down $1.88/cwt. …
Download PDF It was a another soft week for the US hog and pork complex. Thecutout fell $1.14/cwt on a weekly average basis and the negotiatedhog markets were also lower. In fact, something very unusualhappened in the negotiated markets today as the WCB cash priceactually fell below the National price. On a weekly average basis,the …
Download PDF The biggest feature in the hog and pork complex this week was asignificant softening in the negotiated hog market. The WesternCorn Belt market averaged right at $90/cwt this week, down over$7 from the week before. The NDD market was down $5.66/cwt.But before we declare the cash hog market dead, it is important torecognize …
Download PDF The main feature in this week’s market was the cutout dippingbelow the $100 mark for several days and averaging $2.86/cwt.less than last week. There were some interesting dynamicswithin the carcass and within the week however, starting with thesurprising bump higher in the belly market on Friday. Prior toFriday, the bellies had been trading …
Download PDF This week saw the pork cutout stall, averaging $102.46/cwt.,down $0.23/cwt. from last week’s average. A $102 cutout in lateOctober is pretty impressive, but what is even more impressive isthe renewed strength in cash hog prices. This week the WCBnegotiated market averaged $97.38, up $6.75 from the weekbefore. The NDD negotiated market was up …