Lean Hogs Futures Market News and Commentary
Midweek hogs finished the session mixed with 5 to 50 cent losses to 10 to 37 cent gains on the day. USDA’s National Average Base Hog prices was 53c higher to $71.77. The CME Lean Hog Index for 9/29 was 74 cents weaker to $84.84.
Pork cutout futures ended firmer on the day with 17 to 45 cent gains. USDA’s National Pork Carcass Cutout Value increased 3c to $94.64, led by a $4.15 increase in bellies. USDA estimated Tuesday’s federally inspected hog slaughter at 487,000 head. That set the week’s pace at 973k head, compared to 956k LW and 951k LY.
Oct 23 Hogs closed at $79.925, down $0.050,
Dec 23 Hogs closed at $69.175, up $0.100
Oct 23 Pork Cutout closed at $92.025, up $0.450,On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.