Markets
Hog slaughter slightly up from week ago, calculated breakeven price at $69.96.
Cash traded feeder pig reported volume was below average with 11,830 head reported. Cash feeder pig reported prices were $109.15, down $6.43 per head from last week.
Overall, profit conditions have improved significantly for pork producers compared to 12 months ago,says NPPC’s economist Holly Cook.
Beef packers saw losses of $195.60 per head and pork packers saw losses of $1.41 per head.
Cash-traded feeder pig reported volume was above average this past week, with 16,650 head reported. Cash feeder pig reported prices were $115.58, up $3.25 per head from last week.
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-traded weaner pig volume was below average this week with 47,550 head being reported which is 70% of the 52-week average. Cash prices were $82.90, down $1.43 from a week ago.
Cash cattle averaged $204.12 per cwt., up from last week, while lean carcass hog prices came in at $81.79 per cwt.
Cash traded feeder pig reported volume was above average with 16,480 head reported. Cash feeder pig reported prices were $105.05, up $6.07 per head from last week.
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.