Pig with dirt on snout ear tagged
April lean hog futures fell $1.07 on Monday, but the other nearby contracts went home mixed within 40 cents of UNCH. USDA’s National Average Base Hog price for Monday afternoon was $77.91, down by 13 cents. The CME Lean Hog Index was $78.71 on 3/2, up by 6 cents.
Pork cutout futures closed 15 to 80 cents weaker in the front months. USDA’s National Pork Carcass Cutout value was $1.76 stronger to $87.33. USDA estimated FI hog slaughter for Monday at 469k head. That is 3,000 head above last year, but is down 11k from last Monday.
Apr 23 Hogs closed at $83.475, down $1.075,
May 23 Hogs closed at $93.050, down $0.400
Apr 23 Pork Cutout closed at $90.350, down $0.075,
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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