Commodity Markets, Prices & Futures
Use the chart below to check futures prices for commodities. Click the links for pricing on grains, livestock, oil and more and stay on top of what’s going on in the markets. Cash price reflects the USDA Chicago terminal.
Latest News from Markets
While feedlot margins are declining in the beef industry, hog margins are increasing for U.S. pork producers. Here’s a look at the latest Profit Tracker from Sterling Marketing.
Cash-traded feeder pig reported volume was above average this past week, with 17,335 head reported. Cash feeder pig reported prices were $64.06, up $5.77 per head from last week.
Hogs placed for finishing last week had a breakeven at $69.49 per head. The estimated total cost for finishing a steer last week was $2,702 per head, according to the Sterling Profit Trackers.
Cash-traded weaner pig reported volume was below average this past week, with 64,675 head reported. Cash weaner pig reported prices were $45.52, down $0.06 per head from last week.
How did the beef and pork markets shake out last week?
Cash-traded feeder pig reported volume was below average this past week, with 11,275 head reported. Cash feeder pig reported prices were $61.61, up $4.01 per head from last week.
Beef packers saw profits increase $26 per head to a total loss of $86 per head. That puts the packer/feeder margin spread at $289 per head in favor of the feeder. Meanwhile, pork packers saw average profits of $25 per head, up $2.68 from the previous week.
Cash-traded feeder pig reported volume was below average with 8,300 head reported. Cash feeder pig reported prices were $57.60, down $1.41 per head from last week.
U.S. Meat Export Federation announces new records for volume and value for pork exports will be achieved in 2024. While not as strong, beef exports are holding their own, led by Mexico purchases.
John Nalivka of Sterling Marketing shares his weekly Beef and Pork Profit Trackers, giving us a deeper look at what’s going on in the markets.