Pig with dirt on snout ear tagged
The soon-to-expire May contract went home on the day with a 30 cent gain. The active months were 12 to 52 cents lower on the day. The USDA National Average Base Hog price was $3.53 higher to $77.12. The CME Lean Hog Index was $74.64 on 5/8, which was up by 22 cents.Â
Nearby pork cutout futures settled the session 12 to 37 cents weaker on the day. USDA’s National Pork Carcass Cutout Value was $81.74 in the PM update, down by 35 cents. USDA estimated FI hog slaughter at 1.384m head through Wednesday. That is 2k head behind last week’s pace and is 28k head below the same week last year.Â
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Jun 23 Hogs  closed at $84.175, down $0.225,
Jul 23 Hogs  closed at $85.975, down $0.525
Jun 23 Pork Cutout  closed at $88.975, up $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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