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The product market has turned, and the live hog prices are following them. Below is how the weekly product market changed for the week ending 8/18/ 17 *Product Price Monday 8/14 Price Friday 8/18 Net Change Loins 82.71 81.80 (.91) Butts 92.05 93.12 1.07 Picnic 58.98 54.54 (4.44) Rib 128.35… Read more.
Weekly Cattle Commentary 8/11/2017This week’s cash prices saw the bulk of cattle trading 114.50 to 116, 2 to 3$ lower than last week’s trades. Dressed sales were 183 to 185$. Basis was 5$ over the August Live board. Estimated weekly slaughter was 641K head, 62K larger than the same week last year. Box prices in… Read more.
The product market has turned and the live hog prices are following them. Below is how the weekly product market changed for the week ending 8/4/ 17 *Product Price Monday 8/7 Price Friday 8/11 Net Change Loins 85.94 82.78 -3.16 Butts 90.24 90.67 .43 Picnic 62.39 57.66 -4.73 Rib 118.13… Read more.
The product market has turned and the live hog prices are following them. Below is how the weekly product market changed for the week ending 7/28. *Product Price Monday 7/31 Price Friday 8/4 Net Change Loins 87.96 83.65 (4.31) Butts 88.22 88.55 .33 Picnic 63.60 60.68 (2.92) Rib 112.24 116.79 4.55 Ham 74.48 70.06… Read more.
The product market has turned and the live hog prices are following them. Below is how the weekly product market changed for the week ending 7/28. *Product Price on Monday 7/24 Price as of Friday 7/28 Change Loin 90.52 85.97 (4.53) Butt 92.46 87.41 (5.05) Picnic … Read more.
Here is an abbreviated version of the weekly pork report. The full report will be back next week. Below is how the weekly product market changed for the week ending 7/21. *Product Price on Monday 7/17 Price as of Friday 7/21 Change Loin 95.88 92.69 (3.19) Butt 103.44 … Read more.
CORN Corn futures posted a solid close on Friday, despite the higher than expected acreage figure. We continued to trade higher in the overnight session. Weather was getting the attention of traders and that helped to support the market. Crop condition ratings will be updated on Wednesday morning. Expectations are for steady to lower conditions… Read more.
We will offer an analysis of the June Hog and Pig crop report that came out this past Thursday and what we believe it means to live hog futures going forward. First, let’s look at what happened with the live hog and product market this past week. Here is a summary of Pork Carcass cutout… Read more.
Weekly Cattle Commentary 6/23/2017 The bulk of the week’s cash prices ranged between 122 and 123$, with the end of the week dropping to 120$. Dressed sales 190 to 195$. Basis by Friday was 1$ over the June Live board. Estimated weekly slaughter was 632K head, 24K larger than the same week last year. Box… Read more.
This week we will touch briefly on what happened in the pork product market, the live hog market and how this will likely play out this week.