Indiana Swine Commentaries

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Dennis Smith from Archer Financial Services, Livestock Markets, August 15 2017

    LEAN HOGS Cash came in mostly steady yesterday after being called lower. Aug hogs went off the board in quiet fashion at $84.45. The cutout was down .33 at $94.11. While the product has certainly been struggling of late, at the same time the cutout value has not cratered. Packer processing margins, in

Scott Brown from the University of Missouri, Weekly Livestock Market Update, August 7 2017

  Some highlights from this week’s Weekly Livestock Market Update: •Cash hogs are trading nearly $2 lower for the week. The pork cutout value is down $2.75 for the week with weakness across the board. Brown says uncertainty about supplies situation for the remainder the year is having a negative impact on prices. Both cattle

Dennis Smith from Archer Financial Services, Hog Receipts Appeared to Be Very Light Yesterday, August 1, 2017

  LEAN HOGS Cash hog prices were lower yesterday but we noticed that receipts in the western hog belt came in extremely light. For example, the USDA reported only 433 negotiated pigs in IA/S. Minn compared to 4,187 last Monday. Is this really possible or will there be a revision? Regardless, the weekly kill is

Scott Brown Weekly Livestock Market Report, August 1, 2017

•Market recap: Cash hogs ended the week down about $2.50. Pork cutout value down $2.65 for the week, despite continued higher belly prices. Brown says we are at or near all-time highs on belly prices. On the cattle side – cash fed cattle down $2 to $3 for the week with feeder cattle $3 to

Dennis Smith from Archer Financial Services, Cold Storage Confirmed Record Low Belly Stocks, July 25 2017

LEAN HOGS Cash was down .50 yesterday with more of the same in store for today. While the cutout was down .57 at $102.21 packer margins remain highly profitable. This week’s hog slaughter is projected to be 2.214 million, or unchanged from last week and up only 1% from last year. So going into the

Scott Brown Weekly Livestock Update from the University of Missouri, July 18 2017

Published on Jul 14, 2017 Some highlights from this week’s Weekly Livestock Market Update: •The USDA released its latest WASDE report. Scott notes that beef production estimates were increased by 270 million pounds for 2017. That lowered their fed steer price by a $1 for 2017 average. Barrow and gilt estimates were raised $2, driven

Mike Brumm Economist Commentary, What About Space Per Pig?, July 11 2017

There is renewed interest regarding the impact of space per pig on both pig performance and the financials associated with this performance. More than 25 years ago Dr Tim Powell and I published a paper examining the economics of space allocation in confinement facilities. Based on the data available at the time, we concluded while

Dennis Smith from Archer Financial Services, Fresh Belly Prices Continue to Grind into Record Highs, July 11, 2017

  LEAN HOGS Cash was up .50 on Monday with the cutout steady. Bellies continue to edge higher and into fresh all-time highs on very tight supplies.  Hams are steady along with loins. However, changes are developing in the butts, picnics and ribs. They are showing signs of topping out. The weekly kill is projected

Scott Brown Weekly Livestock Market Update, July 10, 2017

  Some highlights from this week’s Weekly Livestock Market Update: •In the markets this week: Fed cattle down $1 to $2 for the week. No reports for feeder cattle because of the holiday. Choice boxed beef cut-out down $8.80. Down across the board. On the hog side, cash hogs ended up $.50 for the week.

Scott Brown Weekly Livestock Market Update, June 27 2017

    Some highlights from this week’s Weekly Livestock Market Update: •Cash hogs ended the week up $5. Pork cutout value was up $3.86 through Thursday – driven by stronger belly prices. Belly prices were up nearly $15 for the week. This is the first time pork cutout value has been above $100 since October

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