Home / Markets / Markets Analysis / Hogs market / Linn Group: Early livestock comments

Linn Group: Early livestock comments

Agriculture.com Staff 07/02/2010 @ 7:35am

A few thousand more cattle traded in Texas on Thursday at $91.00 live. Although volume for the week is still on the light side, it appears packers may be done since they are buying for a short kill week next week. Many likely will be starting the long weekend early.

The choice cutout was up $0.06 at $155.62 last night, with the select up $0.29 at $146.96. Volume was very light. There was no consistent trend in the primals. Though we did hear of more problems with rounds, USDA quotes held together well. Loin steaks seemed to enjoy a last minute boost in demand for the holiday as did some rib cuts.

Cash hog market calls are steady to $1.00 lower again this morning. Trade is expected to be very limited ahead of the long weekend. Three plants are dark today and there is no slaughter scheduled for Saturday or Monday at any major plants.

The pork cutout gained $0.52 last night. Loins were unevenly steady, with butts 1-2 cents lower. Fresh pork cuts are definitely not seeing the last minute demand for the 4th that some beef cuts have enjoyed. Heavier hams were quoted 2 cents higher on a combination of strong deli demand and limited production short term. Bellies traded steady.

A few thousand more cattle traded in Texas on Thursday at $91.00 live. Although volume for the week is still on the light side, it appears packers may be done since they are buying for a short kill week next week. Many likely will be starting the long weekend early.

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Farm and ranch risk management resources By: 07/07/2010 @ 9:10am Government resources USDA Risk Management Agency Download free insurance program and…

Major types of crop insurance policies By: 07/07/2010 @ 9:10am Crop insurance for major field crops comes in two types: yield-based coverage that pays an…

Marketing 101 - Are options the right tool… By: 07/07/2010 @ 9:10am "If you are looking for a low risk way to protect yourself against prices moving either higher or…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?