Pig Resting in Pen Hay
Nearby lean hog futures are trading 60 to 92 cents lower so far through Monday. The USDA National Average Base Hog price was $4.10 weaker to $75.42 in the Monday AM report. The CME Lean Hog Index was 71 cents higher to $79.13 on 5/18.
Pork cutout futures are also down by $0.70 to $1.57 through midday. USDA’s National Pork Carcass Cutout Value for Monday morning was $1.30 higher to $85.68. Bellies were up by $11.21 to $86.70. USDA estimated the week’s FI hog slaughter at 2.408 million head through Saturday, for a year-to-date total of 49.376 million. Last year’s pace was 48.664m head at the same point.
Jun 23 Hogs are at $82.350, down $0.675,
Jul 23 Hogs are at $82.575, down $0.550
Jun 23 Pork Cutout is at $86.125, down $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.
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