Home / Markets / Markets Analysis / Beef market / Thomas Elwood: Early livestock comments

Thomas Elwood: Early livestock comments

Agriculture.com Staff 01/04/2011 @ 7:54am

Light trade developed in Kansas and Nebraska Monday afternoon after the futures market declined. There were about 7,000 head reported in Kansas at $106.50 to private sources by last night. That was up slightly from the weighted average of last week, but down $0.50 from the topside. Live trade of about 6,000 head was reported in Nebraska at $106.00, steady with the average last week, and down $0.50 from the topside. There were no bids in Texas and no trade reported.

The choice cutout was up $1.02 at $164.21 last night, with the select up $0.67 at $157.86. Spot volume was a little light. Packers appear to be reacting to the poor margin situation by cutting slaughter. Monday's kill was only 116,000 head, down 10,000 head from last week. Strength in the cutouts continue to come from end cuts, though middle meats held generally steady.


Cash hog calls are steady/weak this morning. Packers have plenty of hogs around them and margins have come in to the point where they don't have much room to be generous to producers.

The pork cutout gained $0.24 last night. Loins were steady/weak, with butts quoted steady to a penny lower. Hams were steady as were trimmings. Bellies were not tested by the USDA, but other sources indicate they were steady.

For more information or trading ideas about this market, Please contact us at (800)254-1753 or email us at sales@linngroup.com

TJE Cash trade information provided by Robin Fuller

CancelPost Comment

Fun Facts About Turkeys By: 11/23/2015 @ 5:32pm By Jodi HenkeIn case of a lull in conversation at Thanksgiving dinner, we put together some quick…

The Impressive Strength of Cold Weld Putty By: 11/23/2015 @ 2:56pm By Ron Van ZeeCold weld is a common – although incorrect – term used to describe the process of…

9 Tips for Securing Your Financial Footing… By: 11/23/2015 @ 11:22am By Brent Gloy and David Widmar As the 2015 season comes to a close and attention shifts to 2016…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter