Brown and white piglet
Hogs are mixed for the midday quotes with April down by 70 cents but the other nearbys within a dime of UNCH. USDA’s National Average Base Hog price was 2 cents higher to $77.87. The CME Lean Hog Index was $78.71 on 3/2, up by 6 cents.
Pork cutout futures settled up by 7 to 72 cents on Friday. USDA’s National Pork Carcass Cutout value was $1.85 higher in the AM report to $87.42. USDA estimated FI hog slaughter at 2.520m head for the week through Saturday. That is up by 145k head last week and by 101k head from the same week last year. The YTD slaughter pace is 1.5% ahead of last year.
April 23 Hogs are at $84.000, down $0.550,
May 23 Hogs are at $93.475, up $0.025
April 23 Pork Cutout is at $91.150, up $0.725,
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.
