Live cattle prices increased $1.15 on Monday to hit $131.93, bringing the 27-day average price to $133.90. Feeder cattle prices jumped on from $188.98 on Friday to $189.38 on Monday. The 40-cent increase brought the 27-day average price to $191.01.
Lean hog prices are also up, jumping 47 cents to $74.30. This brought the 27-day average to $71.16.
Both corn and wheat saw a two-cent decrease, falling to $3.81 and $5.07, respectively.
U.S. pork imports were up 11.4% in August and pork exports were up 6.5% compared to 12 months earlier. The increase in exports was largely due to increased shipments to Mexico. Canada supplied most of the increase in pork imports. Imports equaled 4.7% of August pork production while exports equaled 19.2% of production. During the first eight months of 2015, pork exports were down 3.1% and imports were up 12.2% compared to January-August 2014.
Live cattle prices decreased last week, fallin 40 cents from $131.18 to $130.78. The decrease brought the 27-day average price to $134.26. Feeder cattle prices saw an increase, jumping $1.10 to $188.98, bringing the 27-day average price to $191.49.
Lean hog prices dropped 17 cents to $73.83. The 27-day average price now rests at $70.98.
Corn prices dropped eight cents from Thursday to Friday, lowering to $3.83. Wheat prices saw a smaller drop of three cents to $5.09.
Henry Hub price reaches lowest level since July 2012. The Henry Hub spot price began the report week last Wednesday at $2.47/MMBtu, then dropped 21¢ by Friday to $2.26/MMBtu, the lowest Henry Hub spot price since July 2012. The price then rose to close at $2.46/MMBtu yesterday. Prices in most markets, except the Northeast, followed a similar pattern, ending down for the week, after reaching weekly lows on Friday. Chicago Citygate spot prices started at $2.56/MMBtu last Wednesday and closed yesterday at $2.46/MMBtu.
Livestock prices saw a jump on Thursday, raising across the board. Live cattle prices saw a $1.83 increase, rising to $131.18. This jump brought the 27-day average price to $134.65. Feeder cattle also saw an even greater increase, raising from $184.95 on Wednesday to $187.88 on Thursday. The $2.93 rise brought the 27-day average price to $191.93.
Lean hog prices jumped 17 cents to $74, bringing the 27-day average price to $70.83.
Both corn and wheat saw five-cent decreases, falling to $3.91 and $5.12 respectively. Soybeans fell more, decreasing 10 cents to hit $8.81.
Corn futures were lower early Thursday morning after the pre-WASDE routine this week by managed money of buying and consolidating, then profit-taking and technical selling, now ratcheting back and positioning just over 24 hours from the report release.