Piglets in a_ pasture
Hogs are fading triple digits through Wednesday’s midday with Feb down by $1.22 so far. USDA’s National Average Base Hog price was $1.04 weaker on Wednesday morning to $73.12. The CME Lean Hog Index dropped 55 cents on 12/29 to $80.19.
Pork cutout futures are also down by 47 cents to $1.22 at midday. USDA’s National Pork Carcass Cutout value was $5.06 higher, led by bellies, to $91.06. Federally inspected hog slaughter for Tuesday was estimated at 483k head, for a week to date total of 508k head.
Feb 23 Hogs are at $83.800, down $1.275,
April 23 Hogs are at $92.800, down $1.000
Feb 23 Pork Cutout is at $90.750, down $1.050,
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.
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