Market News
Cash cattle decreased slightly at $202.85 per cwt., while lean carcass hog prices came in higher at $89.67 per cwt.
Cash-traded feeder pig reported volume was above average this past week, with 32,297 head reported. Cash feeder pig reported prices were $112.33, up $6.40 per head from last week.
Cash cattle decreased slightly at $207.25 per cwt., while lean carcass hog prices came in slightly higher at $85.78 per cwt.
Cash-traded weaner pig reported volume was below average this past week, with 46,620 head reported. Cash weaner pig reported prices were $83.63, down $1.42 per head from last week.
USMEF President and CEO Dan Halstrom says the increases were driven by diversification of export markets and delivered a value of $66 per head slaughtered on pork.
Cash cattle remained steady at $209.97 per cwt., while lean carcass hog prices came in slightly higher at $85.56 per cwt.
Cash-traded weaner pig reported volume was below average this past week, with 51,473 head reported. Cash weaner pig reported prices were $85.05, up $2.15 per head from last week.
Cash cattle averaged $210.22 per cwt., up $6 from last week, while lean carcass hog prices came in slightly higher at $82.71 per cwt.
Cash cattle averaged $204.12 per cwt., up from last week, while lean carcass hog prices came in at $81.79 per cwt.
Restrictions on German pork because of an FMD outbreak could leave a void in some markets, but lack of market access and available products could limit the opportunities for U.S. pork.
The U.S. IPO market is set for a historic week ahead.
Cash cattle averaged $202.96 per cwt., up from last week, while lean carcass hog prices were slightly down at $81.08 per cwt.
Cash-traded feeder pig reported volume was below average this past week, with 14,034 head reported. Cash feeder pig reported prices were $98.98, up $3.65 per head from last week.
November was an exciting month for U.S. red meat, with year-over-year gains across all categories.
Cash cattle averaged $199.48 per cwt. while lean carcass hog prices were at $81.79 per cwt., both up from last week.
Cash-traded feeder pig reported volume was above average this past week, with 18,325 head reported. Cash feeder pig reported prices were $95.33, up $7.14 per head from last week.
Cash cattle averaged $195.68 per cwt. while lean carcass hog prices were at $81.02 per cwt., both up slightly from last week.
Cash-traded weaner pig reported volume was below average this past week, with 41,501 head reported. Cash weaner pig reported prices were $76.72, up $5.56 per head from last week.
Cash cattle averaged $194.99 per cwt. while lean carcass hog prices were at $80.35 per cwt.
Cash-traded feeder pig reported volume was above average this past week, with 20,350 head reported. Cash feeder pig reported prices were $88.03, up $5.37 per head from last week.
Cash-traded weaner pig reported volume was below average this past week, with 31,850 head reported. Cash weaner pig reported prices were $64.71, up $0.80 per head from last week.
The packer/feeder margin spread grew this week in favor of the feeder at $285 per head while pork producers found positive margins of $39.77.
Packer margin losses grow, with beef packers at a loss of -$91.33 per head and pork packers averaging losses of -$5.87 per head.
Cash-traded feeder pig reported volume was above average this past week, with 19,350 head reported. Cash feeder pig reported prices were $78.07, up $8.40 per head from last week.
Packer margins remain in the red for beef at -$60.29 and stayed similar for pork.
Cash-traded weaner pig reported volume was below average this past week, with 43,810 head reported. Cash weaner pig reported prices were $56.33, up $4.14 per head from last week.
Margins widened this week this week for pork and beef producers while packer margins remain in the red for beef at -$34.67 and decreased for pork to $8.65.
The estimated total cost for finishing a steer last week was $2,770 per head. Hogs placed for finishing last week had a breakeven at $68.36 per head.
Cash-traded weaner pig reported volume was above average this past week, with 92,390 head reported. Cash weaner pig reported prices were $50.50, up $2.23 per head from last week.
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.