Piglets in a_ pasture
Lean hogs are a nickel lower in both the July and October contracts, but 25 to 45 cents higher in the other nearby futures. USDA’s National Average Base Hog price was $1.77 stronger to $96.03. The CME Lean Hog Index was 54 cents higher to $88.75 for 6/19.
Pork cutout futures are trading higher with gains of as much as 1.5% so far. USDA’s National Pork Carcass Cutout Value was reported $4.04 higher to $98.66. USDA estimated Tuesday’s FI hog slaughter at 469k head setting the week’s pace at 928k.
Jul 23 Hogs are at $95.825, down $0.025,
Aug 23 Hogs are at $93.600, up $0.400
Jul 23 Pork Cutout is at $100.600, up $0.775,
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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