Meat Price Risk @mrktvolatility
Meat as it relates to risk, and some broader market opinion, not advice. Joined December 2023-
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🐖Afternoon Pork Carcass +0.24 🐖 The problem with the pork cutout right here, right now: The butts are the shinning star. 🌟
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Morning Pork Carcass +$1.49 💪 Reversal in both loin and belly performance from yesterday. 🎢 A lot fewer boneless sirloins trading today then yesterday on the loin primal. Light to heavy belly spread tightening to just -$0.73/cwt from a recent peak of $46.88/cwt.
Morning choice beef cutout strong +2.02 💪 Loin primal back above $400 ✅ Ends higher ✅ 50s still suck 💔
Choice beef cutout -$0.64 Loin primal down below $400, light set backs elsewhere. Good volume day on Select, less good but ok on Choice. 90s down, 50s up.
Pork Carcass -$0.11🐖 The belly took a heli, while the loin took it in the groin Light volume bullshit day.
Mario does not understand how much Beef goes through Walmart.
Mario does not understand how much Beef goes through Walmart.
Morning pork carcass +$1.66 Bellies all dried up, weak volume, much higher No boing in the loin.
Morning Choice cutout =$0.20 Loins and ribs struggling a bit, but 50s higher.
Market Update: $USDYEN lower following Japanese currency intervention. Greenback a tad lower against all pairs. Treasury yields lower. Stocks higher. 90s chemical lean $350 bid
McDonalds CFO on Tuesdays conference call talking about current environment: “Clearly everybody’s fighting for fewer consumers or consumers that are certainly visiting less frequently, and we’ve got to make sure we’ve got that street-fighting mentality to win, irregardless of…
🐖Pork Carcass - $0.77🐖 Good boing in the loin, but not enough to offset all the sellies in the bellies
Choice beef cutout -$0.83 A bit of air coming out of the briskets, flanks, and short plates. But 90s traded $350.09, +$3.55/cwt on the day and their second highest daily average since ever. Low volume day on those 90s, but can i get a: F*ck ya, lets go! Team Beef!
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Ogallala Livestock, Ogallala, NE 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 18 blk strs 407 $404.00 = $1,642.93/head
Mid-session livestock with @DryCedarFarms with @Allendale_inc 🎙️ postv4.futurimedia.com/krvnam/playlis…
Sounds like 1) Lots of heavy fats out there. #cattle 2) Dairy worker was squeezing a handful for himself and got pink eye. #H5N1 3) Board is not reflective of the cash market. #negotiatedtradevolumeisnonsensical 4) If you want 5 weight steers, you need your money up.…
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One of the best shots in live TV history
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Cats are a tool of the devil.
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