The front month hog futures market is mixed with 22 and 62 cent gains in the Feb and April contracts respectively. The other nearby contracts are 17 to 37 cents lower so far. USDA’s National Average Base Hog price was up by 41 cents in Tuesday morning’s quote, at $72.22. The CME Lean Hog Index was $73.29 on 2/03, up by another 24 cents.
Pork cutout futures are also in the red, trading 17 to 52 cents lower so far. USDA’s National Pork Carcass Cutout value from the Tuesday AM report was 15 cents weaker to $81.47. USDA estimates federally inspected hog slaughter at 487,000 head for Monday. That compares to 475k head last week and 479k head during the same week last year.
Feb 23 Hogs are at $75.175, up $0.125,
April 23 Hogs are at $83.025, up $0.300
Feb 23 Pork Cutout is at $82.200, down $0.375,
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.
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/A%20Palantir%20office%20building%20in%20Tokyo_%20Image%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock_.jpg)
/AI%20(artificial%20intelligence)/Data%20Center%20by%20Caureem%20via%20Shutterstock%20(2).jpg)
/Tesla%20Inc%20tesla%20by-%20Iv-olga%20via%20Shutterstock(1).jpg)
/Quantum%20Computing/A%20concept%20image%20of%20a%20green%20and%20yellow%20motherboard_%20Image%20by%20Gorodenkoff%20via%20Shutterstock_.jpg)