Lean Hogs Oct '23 (HEV23)
Lean Hogs Futures Market News and Commentary
Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. Open interest was up 1,587 contracts. USDA’s national base hog price was reported at $95.56 on Wednesday afternoon, down $1.70 from the day prior. The CME Lean Hog Index was back down 17 cents on June 22 at $91.47Â
USDA will release their quarterly Hogs and Pigs report on Thursday, with a Reuters survey of analysts looking for June 1 hog inventory up 0.9% from last year. Hogs kept for breeding are seen down 0.7%, with market hog inventory seen up 1.1%. The March-May pig crop is expected to be up 1.2%, with farrowings seen down 0.2%.Â
USDA’s pork carcass cutout value from the Wednesday PM report was down $1.39 at $93.86 per cwt. The rib and ham primals were the only reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 487,000 head, taking the weekly total to 1.429 million head. That was up 14,000 head from la... Read more
Barchart · 13 minutes ago
Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. Open interest was...
Barchart · 13 minutes ago
Live cattle futures were 52 cents to $1.32 higher on Wednesday. Open interest was down 1,801 contracts on Wednesday. Cash trade saw some light $260 live...
Barchart · Wed Jun 24, 5:16PM CDT
Live cattle futures were 52 cents to $1.32 higher on Wednesday. Cash trade saw some light $260 live and $408 dressed in the north on Wednesday. The Wednesday...
Barchart · Wed Jun 24, 5:16PM CDT
Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. USDA’s national...
Swift Trading Company · Wed Jun 24, 4:18PM CDT
Be prepared. For what? I don't know, just be prepared.
Barchart · Wed Jun 24, 12:21PM CDT
Live cattle futures are up $1.45 to $1.72 so far on Wednesday. Cash trade has yet to develop this week, as sales came in at $258-260 last week. The Wednesday...
Barchart · 12 minutes ago
Wheat is trading with contracts lower in the winter wheat exchanges and steadier in the spring wheat. The wheat complex saw contracts fade lower on Wednesday....
Barchart · 12 minutes ago
Cotton prices are up 80 to 90 point on Thursday morning. Futures posted midweek losses of 187 to 247 points across the front months on Wednesday. Crude...
Barchart · 12 minutes ago
Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. Open interest was...
Barchart · 12 minutes ago
Live cattle futures were 52 cents to $1.32 higher on Wednesday. Open interest was down 1,801 contracts on Wednesday. Cash trade saw some light $260 live...
Barchart · 12 minutes ago
Corn price action is showing contracts within a penny of unchanged across the nearby contracts. Futures posted losses of 1 to 2 ¾ cents in the front months,...
Barchart · 12 minutes ago
Soybeans are trading with 1 to 2 cent gains on Thursday morning. Futures faded lower into the Wednesday close, with contracts down 6 ¾ to 9 cents on the...
Barchart · 1 hour ago
A major deal with CoreWeave is reshaping the outlook for Backblaze as AI demand boosts interest in low-cost data storage.
Barchart · 1 hour ago
Prologis is set to announce its second-quarter earnings next month, and Wall Street expects the company’s EPS to increase by a single digit.