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Futures trading is often characterized as being similar to playing poker or betting horses for a living. The possibility of financial loss brings with it negative connotations ― the high wash-out rate for market newbies only fuels the fire. When it comes right down to it, many people view futures as nothing more than a… 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 8/18/ 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.
Weekly Cattle Commentary 7/28/2017 This week’s cash prices finished at 117, 3$ lower than last week’s trades. Dressed sales 185 to 187$. Basis was 4$ over the August Live board. Estimated weekly slaughter was 627K head, 47K larger than the same week last year. Box prices in the PM report where 206.22 choice, and 196.82… Read more.
Weekly Cattle Commentary 7/21/2017 This week’s cash prices ranged finished quite strong with the bulk of them at 120 and 120.50 reported out of Colorado, fully steady with last week’s trades. Dressed sales 186 to 190$. Basis was 3$ over the August Live board. The reports came out post COF, but I cannot confirm if… 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.
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.