Piglets in a_ pasture
Lean hogs have faded from their earlier highs into the midday quotes, but prices are still up by 2 to 57 cents so far across the board. USDA’s National Average Base Hog price was $72.65 on Friday morning, down by 21 cents. The CME Lean Hog Index from 1/31 was $72.51, after another 7 cent drop.
Pork cutout futures went home with $1 to $1.62 gains. USDA’s National Pork Carcass Cutout value was $79.20 in the Friday AM report, down by $2.30. USDA estimated the FI hog slaughter at 1.938m head for the week through Thursday. That compares to 1.954 million last week and 1.792m from the same week last year.
Feb 23 Hogs are at $75.300, down $0.050,
April 23 Hogs are at $86.275, up $0.275
Feb 23 Pork Cutout is at $82.975, up $1.650,
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.
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