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. 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 $91.47
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 last week and 27,357 head above the same... Read more
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...
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...
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
Lean hog futures are trading with mixed Wednesday action, as nearbys continue to be weaker, down 15 to 20 cents and defereds up as much as 70 cents. USDA’s...
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 · Wed Jun 24, 9:30AM CDT
I recently sat down with CARL, Barchart's new AI market analyst, and asked it a number of familiar questions.
Barchart · 23 minutes 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.
Barchart · 23 minutes ago
JPMorgan Chase will report its second-quarter results next month, and analysts project a high single-digit rise in EPS.
Barchart · 24 minutes ago
Bank of America will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Barchart · 25 minutes ago
Fastenal is set to report its second-quarter earnings next month, with analysts expecting a modest double-digit increase in earnings.
Barchart · 29 minutes ago
PNC Financial Services will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Barchart · 30 minutes ago
Wells Fargo is all set to announce its fiscal second-quarter earnings next month, and analysts project a modest double-digit profit growth.
Barchart · 32 minutes ago
Bank of New York Mellon will release its second-quarter earnings next month, and analysts anticipate a low double-digit bottom-line growth.
Barchart · 32 minutes ago
Goldman Sachs is expected to post double-digit earnings growth when it releases its second-quarter results in July.