Pig Resting in Pen Hay
Tuesday hog futures are trading with $0.47 to $1.42 losses. That has the front month June contract at contract lows. The USDA National Average Base Hog price was up by 59 cents in the AM report to $76.01. The 5/19 CME Lean Hog Index was $79.57, up by 34 cents.
Pork cutout futures are also in the red at midday, giving back $0.60 to $2.20 so far. USDA’s National Pork Carcass Cutout Value for was 14 cents higher on Tuesday morning to $84.91. Mondy’s FI hog slaughter was estimated at 473k head. That is up from 464,000 last week and from 462,000 during the same week last year.
Jun 23 Hogs are at $80.550, down $1.275,
Jul 23 Hogs are at $80.600, down $1.550
Jun 23 Pork Cutout is at $84.425, down $1.375,
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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