Lean Hogs Cash (HEY00)
Lean Hogs Futures Market News and Commentary
Lean hog futures closed the Wednesday trade with contracts up 65 cents to $2 in the nearbys and back months 35 cents lower to 25 cents higher. Open interest was down 7,303 contracts, suggesting some shorts were leaving. USDA’s national base hog price was reported at $94.64 on Wednesday afternoon. The CME Lean Hog Index was down 18 cents on May 22 at $90.70.Â
USDA’s pork carcass cutout value from the Wednesday PM report was down 50 cents at $98.35 per cwt. The belly and ham primals were the only reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 475,000 head, with the weekly total at 944,000 head. That is down 17,069 head from the same holiday week last year.
Jun 26 Hogs  closed at $97.600, up $1.475,
Jul 26 Hogs  closed at $102.125, up $2.000
Aug 26 Hogs  closed at $100.850, up $1.800,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the sec... Read more
Barchart · Thu May 28, 7:34AM CDT
Live cattle futures closed Wednesday with contracts $1.70 to $3.35 higher across the board. Cash trade has been limited so far, with last week at $260...
Barchart · Thu May 28, 7:34AM CDT
Lean hog futures closed the Wednesday trade with contracts up 65 cents to $2 in the nearbys and back months 35 cents lower to 25 cents higher. Open interest...
Barchart · Wed May 27, 5:19PM CDT
Lean hog futures closed the Wednesday trade with contracts up 65 cents to $2 in the nearbys and back months 35 cents lower to 25 cents higher. USDA’s...
Barchart · Wed May 27, 5:19PM CDT
Live cattle futures closed Wednesday with contracts $1.70 to $3.35 higher across the board. Cash trade has been limited so far, with last week at $260...
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Lower cash bids and higher futures helped to converge basis quickly today.
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