Cute pink pig looking in pasture
The lean hog futures market closed the midweek session $0.22 to $1.02 in the red. USDA’s National Average Base Hog price was $1.59 stronger to $79.50. The CME Lean Hog Index was 29 cents higher on 2/27 to $78.51.
Pork cutout futures settled the day with a 10 cent gain in June, but 10 to 72 cent losses in the other front months. USDA’s National Pork Carcass Cutout value was $1.18 higher to $85.54 on Wednesday. USDA estimated FI hog slaughter at 1.435m head for the week through Wednesday. That is 65k head above ast week’s pace and is 23k above the same week last year.
Apr 23 Hogs closed at $84.950, down $0.225,
May 23 Hogs closed at $93.525, down $0.875
Apr 23 Pork Cutout closed at $91.475, down $0.225,
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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