Home / Markets / Markets Analysis / Hogs market / Early livestock commentary - Robin Fuller

Early livestock commentary - Robin Fuller

Agriculture.com Staff 07/26/2011 @ 8:08am

Showlists are smaller in all areas except for Nebraska, which posted a modest increase. Asking prices start the week at $110.00-$111 live in The Panhandle and Kansas. Nebraska feedlots are asking $1.00 over the August futures. There are no bids yet and packer inquiry is light.

The choice cutout was down $0.36 at $175.34 last night, with the select up $0.11 at $170.22. Volume was equal to last Monday's sluggish pace after hot humid weather over the weekend reduced retail sales and left buyers with adequate inventories.Middle meats started the week under pressure while end cuts were generally firm.

HOGS:

Hog calls are mostly steady this morning. Numbers remain tight on reduced weight gains, but packer margins have slipped into the red. There is talk of cutting kills rather than paying up for hogs. Slaughter on Monday was 9,000 head smaller than last week.

The pork cutout gained $1.35 last night. Butts were unevenly steady, with loins unquoted. Market sources indicate loins were about steady. Hams were unquoted, but were rated steady as well by sources other than the USDA. Bellies posted a 5 cent increase in price, closing at $1.40 for the first time since April.

-------

Written by Robin Fuller

For more information or trading ideas about this market, Please contact us at (312)896- 2001 or email us at sales@linngroup.com.


CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Pineapple Zucchini Bread By: 10/21/2014 @ 1:30pm Yield: 2 loaves (32 slices)Prep: 30 minBake: 50 min at 350°Stand: 10 min3 cups…

Cherry-Berry Banana Bread By: 10/21/2014 @ 1:27pm Number of Servings: 16 Serving Size: 1/2 of a small loaf each Yield: 8…

Crazy About Cranberry Bread By: 10/21/2014 @ 1:21pm Number of Servings: 16Bake: 1 hr to 1 hr 10 min at 350°2 cups all-purpose flour1 cup…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes