Markets
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.
Cash-traded weaner pig volume was below average this week with, 55,858 head being reported Cash feeder pig reported prices were $69.35, up $4.98 per head from last week.
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.
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.
If there were any surprises in the latest USDA Hogs and Pigs Report, Lee Schulz says it came in the market hogs and pigs by weights categories.
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.
The key is demand and managing feedlot break-evens as cattle numbers continue to decline, says John Nalivka, president of Sterling Marketing Inc.
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.