Lean Hogs Dec '21 (HEZ21)
Lean Hogs Futures Market News and Commentary
Lean hog futures continued lower on Wednesday, with 60 to 87 cent losses. USDA’s National Average Base hog price for Wednesday was another 62 cents weaker to $63.19. CME’s 10/25 Lean Hog Index $82.66, down by another 32 cents.
Pork cutout futures gave back another 20 to 65 cents on Wednesday as well. USDA’s National Pork Carcass Cutout Value for Wednesday dropped $0.85 to $93.47. USDA estimates FI hog slaughter for the week through Wednesday at 1.438 million head. That is up 10k head from last week but below 1.473 million head last year.
Feb 22 Hogs closed at $74.325, down $0.825,
Apr 22 Hogs closed at $78.325, down $0.800
Feb 22 Pork Cutout closed at $88.650, down $0.500,
- Hogs End Red on Wednesday
Lean hog futures continued lower on Wednesday, with 60 to 87 cent losses. USDA’s National Average Base hog price for Wednesday was another 62 cents weaker...
- Midweek Cattle Closed Mixed
Afternoon cattle trading saw Wednesday’s session close 12 to 57 cents higher. The weekly FCE auction sold 394 of the head listed for $125.50 and $125.75....
- Live Cattle: A Foray into 4A
Sometimes markets simply defy gravity. For those occasions, I developed Newsom's Market Rule #4A to offer as an explanation.
- Shootin' the Bull
I recommend you begin making adjustments in procurement of inputs and marketing of inventory from a bear market environment to a neutral to bullish market...
- Cattle Market Mixed for Midday
Midday fat cattle trading has the board 15 to 57 cents higher. The CME stated no new deliveries issued against October contracts, though 25 contracts of...
- Lean Hog Futures Red for Wednesday
The downturn in lean hog prices continues with futures giving back another 52 to 70 cents so far. USDA’s National Average Base hog price for Wednesday...