Black and brown pig in green pasture
The lean hog futures market is giving back $0.67 to $1.22 at midday. The National Average Base Hog price was 58 cents lower on Tuesday morning to $75.45. for Monday was 74 cents weaker to $75.84. The CME Lean Hog Index was down by 42 cents to $76.57 on 3/24.
Pork cutout futures are also down by $0.77 to $1.15 so far. USDA’s Pork Carcass Cutout value was 12 cents weaker on Tuesday morning to $81.10. USDA estimated Monday’s FI hog slaughter at 486,000 head from 459k last week and 478k during the same week last year.
April 23 Hogs are at $77.650, down $0.975,
May 23 Hogs are at $85.250, down $1.475
April 23 Pork Cutout is at $83.100, down $1.100,
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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