Brown and white piglet
Midday hog quotes are mostly in the red, save for a 37 cent gain in the June. The other nearbys are down by as much as 3.5% following the sharp gains to start the week. USDA’s National Average Base Hog price was another $5.13 higher on Thursday morning to $85.58. The CME Lean Hog Index was $80.08 on 5/29, down by 40 cents.
Pork cutout futures are also mixed and trading +/- $2 through Thursday. USDA’s National Pork Carcass Cutout Value for Thursday morning was 35 cents higher at $85.62. USDA estimated the week’s FI hog slaughter at 963k head through Wednesday, which is 4k head behind the same week last year.
Jun 23 Hogs are at $82.950, up $0.375,
Jul 23 Hogs are at $81.700, down $1.625
Jun 23 Pork Cutout is at $85.550, up $1.500,
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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