|
live
Hogs
|
Monday, February
06, 2012
|
|
Lean Hog
Markets 51-52%
|
|
Total
Est Volume
|
Negotiated
Trade Volume
|
Price
51-52% Carcass
|
Change
|
Live
Equivalent
|
Change
| |
|
Western CornBelt
|
|
|
83.39
|
-1.87
|
6125-6325
|
-125
|
|
Eastern CornBelt
|
|
morning prices
|
80.92
|
-1.41
|
5925-6125
|
-100
|
|
National Trade
|
|
|
81.88
|
-1.37
|
6000-6200
|
-100
|
|
3 Area Average
|
|
86.73
|
|
|
| |
|
CME 2-Day Avg
|
88.07
|
|
|
| ||
|
Day Prior
National Avg Base
|
Base
Net Paid
|
84.93
87.59
|
|
|
| |
|
Terminals
|
|
Live Price
|
Change
|
|||
|
Peoria
|
59.50
|
+50
|
||||
|
ZAMBROTA MN
|
60.00
|
st
|
|
USDA Slaughter,
Loads, and Cuts
|
|
Slaughter
( in 1000,s)
|
Loads
Cuts
|
Loads
Trim
|
Cut-Out
|
17-20#
Hams
|
1/4 "
Butts
|
1/4 "
Loins
|
42%
Trim
|
Pork
Bellies
| |
|
mon 01-30
|
406
|
50.4
|
0
|
83.91
|
unq
|
10500-11000
|
unq
|
unq
|
unq
|
|
tue 01-31
|
417
|
94.6
|
16
|
85.17
|
7600
|
10500-11100
|
11300-11600
|
unq
|
130.00
|
|
wed 02-01
|
417
|
99.3
|
9
|
85.27
|
unq
|
10500-11100
|
11200-11500
|
37-39
|
12500
|
|
thu 02-02
|
416
|
102.8
|
8
|
84.95
|
unq
|
10500-11100
|
11100-11500
|
3900-43
|
unq
|
|
fri 02-03
|
400
|
48.8
|
6
|
85.10
|
7200-7600
|
10500-11100
|
11500
|
unq
|
unq
|
|
mon 02-06
|
419
|
39.9
|
2
|
84.75
|
7400
|
10500-11100
|
11500
|
4000
|
unq
|
|
|
|
Wky Total
|
419
|
|
|
|||||
|
Last Week
|
400
|
|||||||
|
Last Year
|
414
|
|||||||
|
Sat Est
|
|
|||||||
|
Yr to Date
|
10,803
|
+ .8%
|
|
Live Equivalent to
51-52% Cut-Out
|
85.10
|
Estimated Packer
Profit or Loss per Head
|
-1000to -200
|
|
Feeder
Pigs
| |||||
|
Corn / Bu
|
Total Cost of Gain
|
Future Delivery
Month
|
Live
Equivalent
|
Maximum to pay
for
Break-Even
| |
|
81.74
|
6.31
|
55.94
|
98.10 m
|
73.58
|
68.24
|
|
Composite
40-50# Fdr Pig
|
Corn / Bu
|
Total
Cost of Gain
|
Future
Del Month
|
Live
Equivalent
|
P+L
per Head
|
Finished
Live
Break-Even
|
Finished
51-52% Carcass
Break-Even
|
|
81.74
|
6.31
|
55.94
|
98.10 m
|
73.58
|
-3.50
|
78.77
|
105.03
|
|
Product
Summary
still
waiting to see if packers can raise cutout prices as demand seems slow
|
|
General Comments
cash hogs start the
week a little lower as packers try to get themselves into a profitable position buy lower live cost
and
hopefully putting money on product
|
|
Notes
still
waiting to see if china comes in for imports agian this year?
|
|
butcher qw: 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 loss when trading futures
and options
is substantial. Each investor must
consider whether this is a suitable investment. Past performance isnot indicative of future results.
|