Market News
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.
Cash-traded feeder pig reported volume was below average this past week, with 12,675 head reported. Cash feeder pig reported prices were $59.01, up $3.51 per head from last week.
Negotiated cash cattle increased an average of $2.20 per cwt. the week ending Sept. 28. Farrow-to-finish hog producers found positive margins of $8.55 per head last week, down $1.75 from the previous week.
Cash-traded weaner pig reported volume was above average this past week, with 71,860 head reported. Cash weaner pig reported prices were $40.08, up $1.80 per head from last week.
Beef packers saw profits drop $54 per head to a loss of $18 per head. Pork packers saw average profits of $20 per head, down $2 from the previous week.
In anticipation of the USDA Hogs and Pigs Report that will be released on Thursday, Sept. 26, Steiner Consulting Group shared expectations from six analysts polled ahead of the report.
Cash-traded weaner pig reported volume was above average this past week, with 75,100 head reported. Cash weaner pig reported prices were $38.28, up $1.61 per head from last week.
Negotiated cash cattle increased an average of $1.18 per cwt. the week ending Sept. 14 and profit margins dropped by $13 per head to an industry average of $130.66 per head, according to Sterling Marketing. Farrow-to-finish hog producers found positive margins of $16 per head last week, down $2.91 from the previous week.
Cash-traded feeder pig reported volume was below average this past week, with 13,215 head reported. Cash feeder pig reported prices were $55.08, up $0.22 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 90,647 head reported. Cash weaner pig reported prices were $32.92, up $1.85 per head from last week.
Beef packers saw significant margin improvement the week ending August 30, while pork packer margins, though down from the previous week, were sharply higher than a year ago.
Cash-traded feeder pig reported volume was below average this past week, with 12,675 head reported. Cash feeder pig reported prices were $53.32, up $2.45 per head from last week.
Last week’s substantial drop in the breakeven feeding cost for feeder cattle placed on feed last week is significant to the market outlook, says John Nalivka, president of Sterling Marketing Inc., in the latest Sterling Profit Tracker.
Cash-traded feeder pig reported volume was below average this past week, with 8,250 head reported. Cash feeder pig reported prices were $50.87, up $3.21 per head from last week.
Negotiated cash cattle retreated an average of $2.31 per cwt. The week ending Aug. 17 and profit margins dropped by $79 per head to an industry average of $167 per head, according to the Sterling Beef Profit Tracker.
Cash-traded weaner pig reported volume was above average this past week, with 73,422 head reported. Cash weaner pig reported prices were $37.15, down $0.78 per head from last week.
During World Pork Expo, Dave Delaney with Ever.Ag talked with Chip Flory on AgriTalk about what he’s been seeing on a daily basis in the market.
Cash-traded feeder pig reported volume was above average this past week, with 17,951 head reported. Cash feeder pig reported prices were $59.10, down $0.69 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 90,420 head reported. Cash weaner pig reported prices were $38.92, down $0.57 per head from last week.
Cash-traded weaner pig volume was above average with 82,708 head being reported which is 120% of the 52-week average. Cash prices were $39.49, down $0.83 from a week ago.
Cash-traded weaner pig reported volume was above average this past week, with 72,673 head reported. Cash weaner pig reported prices were $40.32, up $0.51 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 84,100 head reported. Cash weaner pig reported prices were $39.81, down $0.09 per head from last week.