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live
Hogs
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Friday, September 03, 2010
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Lean Hog
Markets 51-52%
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Total
Est Volume
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Negotiated
Trade Volume
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Price
51-52% Carcass
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Change
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Live
Equivalent
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Change
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Western CornBelt
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|
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77.39
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+ .39
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5700-5900
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+25
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Eastern CornBelt
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75.73
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- .55
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5575-5775
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-50
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National Trade
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morning prices
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76.08
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- .39
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5600-5800
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-25
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3 Area Average
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|
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81.54
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CME 2-Day Avg
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82.66
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Day Prior
National Avg Base
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Base
Net Paid
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77.86
80.65
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Terminals
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Live Pri.e
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Change
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|||
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Peoria
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53.00
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unch
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|||
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Sioux Falls
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56.50
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unch
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USDA Slaughter,
Loads, and Cuts
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Slaughter
( in 1000,s)
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Loads
Cuts
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Loads
Trim
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Cut-Out
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17-20#
Hams
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1/4 "
Butts
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1/4 "
Loins
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42%
Trim
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fri 08-27
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401
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47.5
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12
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93.51
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unq
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8600-9500
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12300-13500
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5000-5400
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mon 08-30
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411
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26.3
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8
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93.26
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8300
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9000-9300
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12600-13200
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4500
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tue 08-31
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408
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115.3
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0
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91.23
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8600
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8500-9300
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11100-12900
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unq
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wed 09-01
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413
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87.4
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8
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90.73
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unq
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8700-9300
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12200-12400
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unq
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thu 09-02
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410
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61
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11
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92.38
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9000
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9000-9500
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11800-12200
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4500
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fri 09-03
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410
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30.3
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7
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91.31
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9000
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9500
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12200
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5100
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Wky Total
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2,117
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|||||
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Last Week
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2,110
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|||||||
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Last Year
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2,238
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|||||||
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Sat Est
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81
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|||||||
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Yr to Date
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71,944
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- 4.4%
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Live Equivalent to
51-52% Cut-Out
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92.38
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Estimated Packer
Profit or Loss per Head
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+1900to +2200
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Feeder
Pigs
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Corn / Bu
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Total Cost of Gain
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Future Delivery
Month
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Live
Equivalent
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Maximum to pay
for
Break-Even
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56.57
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3.74
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41.56
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75.80 g
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56.85
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56.38
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Composite
40-50# Fdr Pig
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Corn / Bu
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Total
Cost of Gain
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Future
Del Month
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Live
Equivalent
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P+L
per Head
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Finished
Live
Break-Even
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Finished
51-52% Carcass
Break-Even
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56.57
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3.74
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41.56
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75.80 g
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56.85
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+ .19
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56.92
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75.90
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Product
Summary
slow demand
as we wait to see results from holiday movement
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General Comments
packer seem to have ample numbers for this week and starters for next week with cash basicly about
steady on friday. Next
saturday kill could be as high as 200,000 after the holiday
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Notes
lh futures
have good technical rally to close gap with cash prices sow slaughter is 20% below ya
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DISCLAIMER: This information is not to be construed
as an offer to sell or a solicitation or an offer to buy the commodities herein named.
The factual information of this report has been obtained from sources believed to be reliable, but is
not necessarily all-inclusive and is not
guaranteed as to the accuracy, and is not to be construed as representation by our firm. The risk of
trading futures and options can be
substantial. Each investor must consider whether this is a suitable investment. Past performance isnot
indicative of future results.
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