Piglets in a_ pasture
Lean hog prices are trading triple digits lower with losses of $1.05 to $1.35, taking the week’s move back to the red. USDA’s National Average Base Hog price for Tuesday morning was $1.64 weaker to $72.23. The 1/06 CME Lean Hog Index was down by 70 cents to $76.79.
Pork cutout futures are also down by triple digits. Tuesday’s AM National Pork Carcass Cutout value was 93 cents higher to $83.28. USDA estimated Monday’s FI hog slaughter at 491,000 head.
Feb 23 Hogs are at $79.450, down $1.350,
April 23 Hogs are at $89.600, down $1.200
Feb 23 Pork Cutout is at $87.900, down $1.100,
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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