PIGS FLY WEEKLY CHARTS

PIGS FLY --: PIGS FLY ADMINISTRATION WEEKLY -- 6:21:45pm on Monday May 25th 2026

Week	INDEX	LOADS 200	PRICE 200	LOADS 202	PRICE 202	LOADS 203	PRICE 203	LOADS 600	PRICE 600	LOADS 602	PRICE 602	WEIGHT SPMF201
2026-05-16-2026-05-22	90.82	9819	93.72	3488	56.15	10248	94.06	1005.73	96.87	1538.06	96.52	217.36
2026-05-09-2026-05-15	90.52	15553	94.29	7960	56.39	16105	93.86	951.34	97.23	1519.23	96.53	217.40
2026-05-02-2026-05-08	90.98	12931	93.40	7194	38.08	12568	93.79	921.27	97.40	1559.43	96.32	217.30
2026-04-25-2026-05-01	91.27	10526	91.76	7430	92.28	10734	92.25	858.92	99.10	1545.43	97.81	217.75
2026-04-18-2026-04-24	91.06	15550	91.99	4969	54.43	14608	91.95	885.15	99.78	1473.13	99.10	217.62
2026-04-11-2026-04-17	90.49	12055	90.34	8217	72.49	13209	90.43	858.12	98.69	1451.56	97.76	218.36
2026-04-04-2026-04-10	90.20	9080	72.06	3349	36.04	8664	90.03	810.74	98.69	1388.06	97.97	218.09
2026-03-28-2026-04-03	90.26	15116	90.54	8423	54.00	14568	90.28	726.84	97.78	1253.93	97.11	218.02
2026-03-21-2026-03-27	91.48	17656	91.48	6570	54.56	18340	91.53	954.04	98.55	1703.18	96.98	218.29
2026-03-14-2026-03-20	91.92	22696	91.87	10759	53.87	22709	91.88	761.40	100.43	1380.20	99.29	218.08

DATE	Weaning Head	Weaning Price	Feeder Head	Feeder Price
2026-05-22	117620	69.27	24125	105.59
2026-05-15	148672	69.46	19950	109.46
2026-05-08	153848	72.23	14596	108.55
2026-05-01	117939	72.81	24275	112.91
2026-04-24	146142	70.92	29040	117.02

Product Study and Primal Changes

DATE	Carcass Price	Carcass Chg.	Primal Chg.	Carcass Loads	Loin Price	Loin Chg.	Loin Primal Chg	Butt Price	Butt Chg.	Butt Primal Chg	Pic Price	Pic Chg.	Pic Primal Chg	Rib Price	Rib Chg.	Rib Primal Chg	Ham Price	Ham Chg.	Ham Primal Chg	Belly Price	Belly Chg.	Belly Primal Chg
Warning: Undefined array key "date" in D:\xampp\htdocs\weekly.php on line 3576	96.26	0.62	-1.19	326.17	95.13	2.12	0.58	147.38	3.27	0.23	76.10	2.02	0.31	188.04	6.54	0.17	80.07	-1.15	-0.35	104.89	-15.78	-2.14

Comments from PIGS FLY database

TODAYS MESSAGES

2026-05-25

Cash was 93.23 and the net change was -0.35. The volume was 1452. The high was 95.00. and the low was 90.00. Product was 96.26 0.62 with 326.17 loads. Load count vs. last year stands at -1658.01. The index yesterday was 90.85 -0.06. The final index est we had was -0.01. The Pre. index estimate for today appears to be -0.59 at 90.26. The weighted index model was 92.34 -0.13. The net cash model was 91.81 -0.14. The index value was 92.07 -0.13. Basis in the front month contract was 5.000 and changed by 0.785 with the basis last year at 5.28. One year ago today the basis average in the front month contract for the 3yr and 5yr averages are 3.98 and 4.43. Negotiated vs. product margin was 3.03 the difference from yesterday was 1.65. Slaughter for the current day was 409000. This year total slaughter is running -0.8 versus last year with revision. The US corn front month futures per bushel was 4.64 0.01. The US soybean meal front month futures per bushel was 7.97 0.11 and per ton it was 332.00 4.70. The US dollar index was 99.32 0.13 -- China cash hogs 9.68rmb +.04. -- Today is US Holiday Monday May 25, 2026 Memorial Day and CME closed and USDA is closed. -- Next Holiday Is Friday June 19th, 2026 We thought we could see us test the high side in cash this week 96-97. Cash is starting to reach higher but does not seem to be dropping with this week with the range last week this week 87.00-95.75. Negotiated cash rolling 5 day value was 94.23 +.29. The product has a long term range from 95.14- 101.32. The last print was 96.26 +.62 in product. From last weeks high in product the top of the range this week -.68 in product. The close last Last Friday was 97.56 in product. We are seeing the value range yesterday at 92.07 -.13 and the 5 day value range has been 91.84-92.22. The value range has tighten now and trying to widen. Some feel like product is not going anywhere and the index will not pop until kill drops under 2400 kills most believe. Bellies sound like the could move towards 105-107 before being cleaned up and that might have happened yesterday reaching 104.40. Some feel this market is being setup so bellies could go into the freezer and then be pulled out by late June around 170. The weights seem to have gain this last week or so and might be saying we have hogs. Last weeks kill estimate was 2321 with 409k on Friday and Saturday had 7k. This week slaughter estimate is for 2220-2230. The USDA has 181k for Saturday. Last year was 2163 with 252k on Saturday and dailies averaged 484 over four days. Kill seems to be dropping but by cutting kill and the question is are the hogs there or being moved forward to the holiday week to fill in light schedule. The question is what is the kill going to be after the holiday week will show the supply level we think. We think they kill after the holiday week is looking like 2415-2425 but we are expecting this to change moving lower. Seaboard Guymon no kill every other Monday. Tar-heel sounds as if the will kill 4k less everyday. Hormel kill -1k less a day talking about cut kill now instead of paying up and now another packer is also cutting 1000 a day out from kill as well. Slaughter seems to be a big question if it holds current levels or drops. We have some plants that are taking #2 pigs because there isn't enough fill the schedule. The usmef said Mexico would not take any offal. With Mexico blocking offal this is going into 42 trimm which has been moving lower. The summers out look sound like 102-108 June with others thinks 112-115 July. We see Oct on back very under valued and could have a black swan event. We are hearing the supply for hogs is very tight starting this week and hog slaughter could start falling. Others thinks slaughter will hold together until May 15-30. Now it appears moving forward next two week packers cutting kill and holiday things are starting to look better for meat. After the holiday if we are still killing 2400 and under will be great. The July contract, Tuesday, 101.37-101.52 can contain buying into July expiration, below which 98.50 remains a 3-5 day objective, 94.20 likely by July expiration, the broader market in reach of 88.87 over the next 2-3 months where it can place a seasonal low. Upside, closing above 101.52 will keep 106.17 in reach by the end of June where the JUL-26 contract can top out into expiration.

WEEK AGO MESSAGES

2026-05-18

Cash was 91.52 and the net change was -1.80. The volume was 1633. The high was 95.00. and the low was 86.00. Product was 97.56 1.01 with 274.90 loads. Load count vs. last year stands at -1933.66. The index yesterday was 90.64 0.35. The final index est we had was -0.20. The Pre. index estimate for today appears to be 0.83 at 91.47. The weighted index model was 92.72 0.53. The net cash model was 90.30 -0.16. The index value was 91.51 0.19. Basis in the front month contract was 8.110 and changed by 7.950 with the basis last year at 9.05. One year ago today the basis average in the front month contract for the 3yr and 5yr averages are 4.66 and 2.75. Negotiated vs. product margin was 6.04 the difference from yesterday was 3.47. Slaughter for the current day was 445000. This year total slaughter is running -0.7 versus last year with revision. The US corn front month futures per bushel was 4.55 -0.13. The US soybean meal front month futures per bushel was 8.02 0.03 and per ton it was 334.10 1.00. The US dollar index was 99.18 0.01. -- China cash hogs 9.63rmb -.04 -- Next US Holiday Monday May 25, 2026 Memorial Day and CME closed and USDA is closed. We thought we could see us test the high side in cash this week 96-97. Cash is starting to reach higher but does not seem to be dropping with this week with the range last week this week 88.00-96.50. Negotiated cash rolling 5 day value was 94.82 -.33. The product has a long term range from 95.14- 101.32. The last print was 97.56 +1.01 in product. From last weeks high in product the top of the range this week unchanged in product. The close last Last Friday was 97.56 in product. We are seeing the value range yesterday at 91.51 +.19 and the 5 day value range has been 91.22-91.84. The value range has tighten now and looks like its trying to fined direction trying to turn higher but waiting to confirm the next direction still. Some feel like product is not going anywhere and the index will not pop until kill drops under 2400 kills most believe. Last weeks kill estimate was 2366 with 445k on Friday and Saturday had 30k. This was a big change original the estimate started at 2440 then 2410 than late 2380. This week slaughter estimate is for 2330 with 20k on Saturday. The USDA has 1k for Saturday. The week after is a holiday week and this kill is around 2250 but could be less. Kill seems to be dropping but by cutting kill and the question is are the hogs there or being moved forward to the holiday week to fill in light schedule. The question is what is the kill going to be after the holiday week will show the supply level we think. Sioux Falls(Morrell) pulled next Fridays kill and ipc going half shift. Seaboard Guymon no kill every other Monday. Tar-heel sounds as if the will kill 4k less everyday. Dailies last week were averaging 481.4k now 476k. Hormel talking about cut kill now instead of paying up and now another packer is also cutting 1000 a day out from kill as well. With out Guymon killing Monday the kill has been only 462k. Slaughter seems to be a big question if it holds current levels or drops. We have some plants that are taking #2 pigs because there isn't enough fill the schedule. No Clinton this Friday next Friday no tar heel hearing talk that they are trying to preserve hogs to bottom out the belly market. Dennison real short and has cut back their daily kills this week. The usmef said Mexico would not take any offal. There is talk that this new diseases out break would be over this week and maybe more countries blocking snout or offal. The market is not bearish in any way we believe relate to this and should be seen as a nonevent. We have talk with Trump visiting China that we could have a pork deal but that just a rumore right now. The summers out look sound like 102-108 June with others thinks 112-115 July. We see Oct on back very under valued and could have a black swan event. We are hearing the supply for hogs is very tight starting this week and hog slaughter could start falling. Others thinks slaughter will hold together until May 15-30. Now it appears moving forward next two week packers cutting kill and holiday things are starting to look better for meat. After the holiday if we are still killing 2400 and under will be great. The June contract, Monday, 100.45 can contain buying through the week, below which 96.12 attainable over that timeframe. During the week we will switch into the JUL-26 contract, which is trading in the 103.00 handle last and may well settle the week back above 100.45 which will keep the broader market stable to bullish into later summer. Tomorrow July will be the focus for technically information.

MONTH AGO MESSAGES

2026-04-28

Cash was 90.24 and the net change was -0.18. The volume was 1539. The high was 92.00. and the low was 88.00. Product was 99.23 -0.38 with 273.25 loads. Load count vs. last year stands at -1667.39. The index yesterday was 91.14 -0.24. The final index est we had was -0.44. The Pre. index estimate for today appears to be -1.04 at 90.10. The weighted index model was 93.04 -0.68. The net cash model was 89.55 -0.84. The index value was 91.29 -0.76. Basis in the front month contract was 3.235 and changed by 0.315 with the basis last year at 4.34. One year ago today the basis average in the front month contract for the 3yr and 5yr averages are 5.03 and 4.21. Negotiated vs. product margin was 8.99 the difference from yesterday was -0.34. Slaughter for the current day was 489000. This year total slaughter is running -0.7 versus last year with revision. The US corn front month futures per bushel was 4.70 0.06. The US soybean meal front month futures per bushel was 7.87 0.21 and per ton it was 328.00 8.90. The US dollar index was 98.48 -0.03 China cash hogs were 9.91rmb -.24. Next US Holiday Monday May 25, 2026 Memorial Day and CME closed and USDA is closed. Monday exports came in at 745 =134 from last week and forward sales came in at 632 -9 from last week. We thought we could see us test the high side maybe this week 95-96 we could see 96-97 this week some think. Cash is starting to reach higher but does not seem to be dropping with this week range 88-95.00. The product has a range from 95.14-101.32. The last print was 99.231 -.38 in product. From the last weeks high in product the top of the range this week decreased by -.59 in product. The close last Friday was 99.61 in product. We are seeing the value range yesterday at 91.29 -.76 and the 5 day value range has been 91.29-92.56. The value range has widened now and looks like found direction moving lower but we expect this could swing up into the range and be choppy. Negotiated cash rolling 5 day value 91.93 -.26. Bellies took a hit we hare told the are now cleaned up. Some feel like product is not going anywhere quick others think the index could start popping soon. Last weeks kill estimate was 2469 with 485k on Friday and Saturday had 31k. This week slaughter estimate is for 2460-2475 with 28k on Saturday. The USDA has 49k for Saturday. Next week is looking the same 2460 with the USDA having 10k. We are hearing hogs are getting tight and packers need hogs but slaughter seems to be a big question if it holds current levels or drops. Also hearing Tar-heel will go to 5 day kills and maybe alternate each week to 4 days kills but this is not confirmed. Sounds like a packer has bought all the bellies last week or most of them and plan to sell them later at higher prices. We are not sure when that will start. We hear the east has 50-60% death loss in little piglets due to PED. Next week sounds like 2440 or less. The adult/sow farm PEDV case positivity has remained on an upward trend since October 2025. PRRSV case positivity in the wean-to-market category has been trending downward since November 2025; however, it reached 44.6% in the first quarter of 2026, marking the highest first-quarter level observed over the past decade. The summers sound like 102-108 June with others thinks 112-115 July. We see Oct on back very under valued and could have a black swan event. We are hearing the supply for hogs is very tight starting this week and hog slaughter could start falling. Others thinks slaughter will hold together until May 15-30. The June contract, 99.52 can contain selling into June expiration, 99.52 can contain selling into June expiration, as well as a broader market support into summer activity, above which 105.47 in reach over the next 1-2 weeks, possibly 107.95 by JUN expiration. Upside Tuesday, 103.07 can contain daily highs, while closing above 103.07 will keep 105.47 in reach over the next 1-2 weeks, able to contain weekly buying pressures and the point to settle above for yielding 107.95 within 1-2 more weeks, where the June contract can top out into expiration. Downside Tuesday, a weekly settlement below 99.52 signals broader market bearish continuation down to 93.12 over the following 1-2 months

6 MONTH AGO MESSAGES

2025-11-27

Cash was 73.57 +1.85 from the previous print. The High was 75.00 -1.00 and the low was 65.00 -3.00 from the previous day. The previous day was reported at 86for a top and was corrected to 76 and the weighted avg was +.86. The volume was 2018 and last week it was a 1428. Product was 94.25 +2.00 with 381 loads. Load count vs. last year stands at 3682. The index was 82.11 -.32 and we had the final estimate at -.12. The Pre. index estimate for today appears to be -.09 at 82.02. The weighted index model was 84.74 +.89. The net cash model was 78.73 +.51. The index value was 81.74 +.40. We see the 5 day index value stalling as of yesterday and was higher for the second time. This was a new 5 day high and the range has tighten. This could possible be the start of direction change. The 5 day value range has been 81.74 to 80.89. Basis in Dec contract was -1.44 yesterday and change by +2.54 with the basis last year at -3.03. One year ago today basis was -2.81 with the 3yr and 5yr averages being -3.37 and -1.84. Negotiated vs. product margin was 20.68 from 19.00. Slaughter yesterday was 487k. This year total slaughter is running -1.7 percent under last year without revision due to government shutdown. China cash hogs 111.53rmb -.12. The US corn front month futures per bushel was 4.33 +.09 The US soybean meal front month futures per bushel was 7.62 +.01 and per ton it was 317.60 +.20 Nov. 27 2025. CME will be closed. If things could firm up some then we could see the value index range bottom and then trying for 83 or better. Now cash seems to firmed up some and product seems to be stabilizing and expecting product to bounce back towards 94-95 we think. The negotiated weighted avg seems more like 73 and 5 day rolling avg. 71.96 with the range this week 65-76.00 we think in play. Bellies expect to test 120-140 range and hams should find value support at 85 but told that they might touch towards 90. Picking up that hams now should stabilize last week and look for increase in hams this week. As of yesterday was learning mexico in the market to purchase hams and 13-17 bellies are cleaned up and product sounds steady firm. We hear tyson yesterday might need hogs starting next week and not many available for offer. Monday exports had 1378 +378 from last week and forward sales had 942 +209 from last week. Wednesday weights came in at 292.40 +.9lbs from last week and +4.9lbs from last year print of 288.50. This has been closing the gap the last three weeks coming in from differential of +5.9lbs . Kill this last week came in at 2603 with 488 on Friday 139k on Saturday. This was 1.48 greater than last year. This week sounds like 2260-2295 due to the holiday and expect Saturday kill to be 320-350k. Friday are light and range between 438-465. We see next week range estimated at 2675+. We expect after the holiday for the kill to show us what situation we have. The First and second week of December is usually the largest kill of the year. We usually start a seasonal moving up until dec expiration in the complex. We are starting to think product after the holiday could try to stabilize and touch 95. This would indicate the next level for index to test 83-81 target but yesterday we saw this increase towards 81.74 index value range and breaking out to the upside. Some think we might see 78-75 in the futures and close mid 83-85 range others have index 85plus at expiration if meat holds 95. Yesterday we talked about the market crossing 79.02 to 79.07 the trendline and closing about should test are first target 80.40 which we did reach and finished at 80.67. The next target we had 82.27 then 83.15 to 83.25. We had basis move in hard yesterday and need to see fundamentals continue to stay firm to move higher.

12 MONTH AGO MESSAGES

2025-05-27

Cash was 93.50 +.48 with the topside at 99.00 -.50 and the bottom was 89.00 +1.00. The volume was 2026 and last week it was a 3247. For the week cash was +1.06 at 94.27 with head count this week 18,296 vs. last week 22,064. Product was 101.46 +1.19 with 326 loads. Load count vs. last year stands at 2586. Product for the week was +2.58 at 100.68 with the total loads 1262 vs. last week 1490. The index was 93.02 +.15 and we had the final estimate at +.56. The Pre. index estimate for today appears to be +.48 at 93.50. The index for the week was +1.64 at 92.44. The weighted index model was 95.78 +.59. The net cash model was 93.05 -.09. The index value was 94.41 +.25. and has widened moving up. The 5 day index range is 92.51-94.41. Basis in June contract was +5.63 on Friday and change by -.18 with the basis last year at +2.92. The basis one year ago today for June contract was +2.97 with the 3yr and 5yr averages being +3.09 and +1.69. Negotiated vs. product margin was 6.60 from 4.98. Slaughter Friday was 424k. This year total slaughter is running -2.1 percent under last year. China cash hogs 14.43rmb +.08. The US corn front month futures per bushel was 4.59 -.04. The US soybean meal front month futures per bushel was 7.10 -.06 and per ton it was 296.10 -2.40. The US dollar index was 98.93 -.17 June OI was 37,511 -1527 last year June was 26,638 -1616 in OI. July basis was 8.68 -.40 and last year was 5.84 starts to come in usually after 5-16 into expiration. Next Holiday is Juneteenth National Independence Day Thursday June 19. CME will be closed. Also hog pig quarterly report June 26. Late next week Rogers roll Starts selling July buying Aug around May 31 usually OI starts to move from July to Aug. The basis has been correcting after 5-16. We have 14 trading days till June goes off the board. So does july loss to june because of roll or is the index going to flatten out and june is to high and losses faster than July rolling. The June -July broker out yesterday and can see it still working today but that might stall or correct after today. June people think it is worth 98 or higher but its going to need help from the bellies to make that level we think. The index has not been this high 93.02 in over 6 months as of friday and the last high in the index was on 01-08-2024 93.67. This last week we killed 2362 with 10k on Saturday with the dailies averaging about 470.4 -7.4 from last week. The two week avg is 474.1. This week now sounds like 2175. Last year was 2155. SF cutting kill and only running 4 days this week. They sound like the need hogs Monday and Tuesday to fill the short week. Next week kill now 2394 and last year was 2422 st. joe is killing not cutting so this depends on what pans out. The two weeks after the holiday looks like kill might be running around 2375 and last year that week slaughter was 2390 and coldwater is the only one killing on Saturdays 15k. Coldwater seems to have product and we did hear that a end user was shorted on his freezer order from a packer recently. . We also did hear product would stay between 94-98 for the month of May. Now picking up the product will not get over 1.00 until June goes off the board made by tyson just one packer. We did pick up yesterday people thought product could go 2.50-4.00 dollars higher and that would be 99.64 to 101.13. Product has been as high as 101.46. Retailers are featuring pork because beef is to high. Hamburger lean sounds like 8 dollars a pound. The national average for April was 7.55.

12 MONTH AGO MESSAGES NEXT DAY

2025-05-28

Cash was confiduatal yesterday. The volume was 2485 and last week it was a 6250. Product was 102.73 +2.27 with 327 loads. Load count vs. last year stands at 2620. The index was 93.09 +.07 and we had the final estimate at +.24. The Pre. index estimate for today appears to be -.66 at 92.43. The weighted index model was 96.24 +.46. The net cash model was 91.94 -1.11. The index value was 94.09 -.32. and has widened moving up. The 5 day index range is 93.16-94.41. Basis in June contract was +6.24 yesterday and change by +.61 with the basis last year at +2.74. The basis one year ago today for June contract was +3.20 with the 3yr and 5yr averages being +4.14 and +1.77. Negotiated vs. product margin was 8.87 from 6.60. Slaughter yesterday was 488k. This year total slaughter is running -2.1 percent under last year. China 14.51rmb +.08. The US corn front month futures per bushel was 4.58 -.01. The US soybean meal front month futures per bushel was 7.10 unhanged and per ton it was 296.00 -.10. The US dollar index was 99.56 +.63 June OI was 34,526 -2989 last year June was 25,882 -763 in OI. July basis was 9.28 +.60 and last year was 5.64 starts to come in usually after 5-16 into expiration. Next Holiday is Juneteenth National Independence Day Thursday June 19. CME will be closed. Also hog pig quarterly report June 26. Monday exports came in at 841 +336 from last week . Forward sales came in at 656 +225 from last week. Late next week Rogers roll Starts selling July buying Aug around May 31 usually OI starts to move from July to Aug. The basis has been correcting after 5-16. We have 14 trading days till June goes off the board. So does july loss to june because of roll or is the index going to flatten out and june is to high and losses faster than July rolling. The June -July broker out yesterday and can see it still working today but that might stall or correct after today. June people think it is worth 98 or higher but its going to need help from the bellies to make that level we think. The index has not been this high 93.02 in over 6 months as of friday and the last high in the index was on 01-08-2024 93.67. This last week we killed 2362 with 10k on Saturday with the dailies averaging about 470.4 -7.4 from last week. The two week avg is 474.1. This week now sounds like 2175. Last year was 2155. SF cutting kill and only running 4 days this week. They sound like the need hogs Monday and Tuesday to fill the short week. Next week kill now 2394 and last year was 2422 st. joe is killing not cutting so this depends on what pans out. The two weeks after the holiday looks like kill might be running around 2375 and last year that week slaughter was 2390 and coldwater is the only one killing on Saturdays 15k. Coldwater seems to have product and we did hear that a end user was shorted on his freezer order from a packer recently. . We also did hear product would stay between 94-98 for the month of May. Now picking up the product will not get over 1.00 until June goes off the board made by tyson just one packer. We did pick up yesterday people thought product could go 2.50-4.00 dollars higher and that would be 99.64 to 101.13. Product has been as high as 101.46. Retailers are featuring pork because beef is to high. Hamburger lean sounds like 8 dollars a pound. The national average for April was 7.55.

24 MONTH AGO MESSAGES

2024-05-28

Cash was 86.64 -1.63 Friday. The topside was 88.00 -2.00 and the bottom was 86.00 unchanged. Volume was 1317 and and last week it was 2669. For the week cash was 89.45 -1.97 with the total loads 14,367. Product was 99.14 +.45 with the load count at 227. The load count vs. last year stands at -2440. The product for the week 101.35 -1.28. The index was 91.48 -.32 and the we had the estimate -.38. The index for the week was 91.83 -.02. The pre. index estimate for today appears to be 91.40 -.08. The weighted index model was 92.66 -.09. The net cash model was 89.63 -.62. The index value was 91.25 -.35. The index value 5 day range has been 92.23 to 91.25 a new low. The Basis in June was 2.92 +.19 and last year it was -3.97. One year ago today it was 1.96 and the 3yr and the 5 yr average was 3.63 to 1.28. Negotiated vs product margin was 12.50 from 10.42. Slaughter for the week was 2373 2k bigger than last year. The kill this week estimate is 2130-2145. This week in Pork Retail, the Feature Rate increased by 6.2 percent, and the Special Rate decreased by 2.2 percent. The Activity Index showed an 18.2 percent increase. Cuts from the loin and ham showed decreases in ad space, while cuts from the butt, picnic, spareribs, and processed items showed increases in ad space approaching the holiday weekend. (Tenderloin $3.86, Back Ribs $3.33, Spare Rib $2.67, St Louis Rib $2.41, Cooked Spare Rib $7.17, Cooked Back Rib $7.53) The China hog cash was much higher or the weekend opening Monday at 16.60 +.75 and Tuesday +.10 at 16.70. The US corn per bushel was 4.65 +.01. The US soymeal per bushel was 9.27 +.23 and per ton it was 386.5 +9.80. The US dollar index was 104.55 -.20.

24 MONTH AGO MESSAGES NEXT DAY

2024-05-29

Cash was 87.83 +1.19 with the topside 90.00 +2.00 and the bottom was 82.00 -4.00. Volume was 3095 and last week it was 5763. Product was 103.40 +4.26 with 294 loads. Load count vs. last year stands at -2512. The index was 91.01 -.47 and we had the estimate at -.44. The pre. index estimate for today is -1.23 at 89.78. We expect the index will not be this low when we get final estimate with product higher print yesterday. The weighted index model was 93.71 +1.03. The net cash model was 88.95 -.88. The index value was 91.33 +.08. The index value 5 day range has been 92.23 to 91.25. Basis in June contract was 2.74 -.18 and has been holding this level last three days with 13 trading day till expiration. Last year the basis was +.21 and than one year ago today it was 3.71 and the 3yr and the 5yr averages where 4.45 to 1.02. The negotiated vs. product margin was 15.57 from 12.50. The OI saw a larger increase yesterday in a down day gaining 2592 in the complex before this we had losing days and just very small increases. The talk yesterday was product was going to be lower this week and bellies sound as if they would be the factor. Monday exports had 855 +259 from the week before and the forward sales had 635 +353 from the week before. China cash 16.95rmb +.25 The US corn per bushel was 4.63 -.02. The US soybean meal per bushel was 9.03 -.24 and per ton it was 376.6 -9.40. The US dollar index was 104.70 +.15.

Just starting to add more into this area and will be under contruction