Lean Hogs Feb '22 (HEG22)
Lean Hogs Futures Market News and Commentary
Front month lean hog futures traded 45 to 70 cents weaker on Wednesday, with a $1.25 drop in the December contract erasing the premium to cash. For Feb, that has prices $4.50 (5.6%) in the red for the month through the first 6 sessions. USDA’s National Average Base hog price for Wednesday afternoon was $4.16 weaker at $75.76. CME’s Lean Hog Index for 12/6 was 16 cents stronger at $70.94.
Pork cutout futures closed the day with $0.62 to $1.60 losses. USDA’s National Pork Carcass Cutout Value for Wednesday was $9.35 higher to $90.44, reflecting a $29.58 rebound in the ham primal. USDA estimates FI hog slaughter at 1.396 million head for the week through Wednesday. That trails last week’s pace by 47,000 head and trails the same week last year by 77,000.
Dec 21 Hogs closed at $70.825, down $1.250,
Apr 22 Hogs closed at $81.425, down $0.625
Dec 21 Pork Cutout closed at $83.000, down $1.600,
- Cattle Close Red on Wednesday
At the close for the midweek session, live cattle futures were $0.50 to $0.67 in the red. For December contracts that was the first red candle of the month,...
- Lean Hogs Added to Downside on Wednesday
Front month lean hog futures traded 45 to 70 cents weaker on Wednesday, with a $1.25 drop in the December contract erasing the premium to cash. For Feb,...
- Livestock Report
Hogs fall back and recover while cattle markets drift lower
- Shootin' the Bull
Cattle trading today was soft. Packers and cattle feeders have seemingly found a price for which to conduct business.
- Hogs Continue Lower
Through midday, lean hog futures are another 15 to 97 cents weaker. December contracts are down another triple digits, but are up 77 cents from the day’s...
- Wednesday Cattle Market Working Lower
Fat cattle futures are trading 25 to 55 cents weaker so far. December, down 47 cents, has yet to see any deliveries with the oldest long waiting since...