Black and brown pig in green pasture
Lean hogs are trading with triple digit losses through the June contract at midday. The deferred October contract is only down by 2 cents so far. USDA’s National Average Base Hog price was $1.37 lower on Monday morning to $76.44. The CME Lean Hog Index was 6 cents higher on 3/16 to $80.01.
Pork cutout futures are in the red with a $2.07 loss in the May contract. USDA’s National Pork Carcass Cutout value was $1.30 higher this morning to $82.25. USDA estimated last week’s FI hog slaughter at 2.492 million head through Saturday.
April 23 Hogs are at $78.250, down $1.625,
May 23 Hogs are at $85.650, down $1.125
April 23 Pork Cutout is at $85.000, down $1.875,
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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