Pig in pen
Lean hog futures are up $1.42 to $1.90 at midday so far, save for the Feb contract that is 7 cents weaker. Feb hogs expire on Tuesday, to be settled against the index on Thursday. USDA’s National Average Base Hog price for Monday morning was down by $2.07 to $74.05. The 2/09 CME Lean Hog Index was up by 21 cents to $74.01.
Pork cutout futures were are also up by triple digits past the Feb contract. USDA’s National Pork Carcass Cutout value was $2.02 higher this morning to $83.07. USDA estimated the week’s FI hog slaughter at 1.924 million head for the week through Thursday, trailing last week by 14k head.
Feb 23 Hogs are at $75.800, down $0.075,
April 23 Hogs are at $84.850, up $1.525
Feb 23 Pork Cutout is at $80.750, down $0.650,
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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