Piglets Sleeping Next to Each Other
Front month lean hog futures were up 25 cents to $1.65 on Wednesday, with other contracts within 27 cents of unch. USDA reported the National Average Base Hog price at $104.48 after a 23 increase. CME’s Lean Hog Index for 7/17 was $102.53, up another 97 cents.
Pork cutout futures were up $2.22. The Pork Carcass Cutout Value was 7 cents lower this afternoon to $112.61. USDA estimated FI hog slaughter at 468,000 head for Wednesday for a weekly total of 1.377 million head. That compares to 1.382 million head from last week and 1.373 million during the same week last year.
Aug 23 Hogs closed at $97.925, up $1.650,
Oct 23 Hogs closed at $81.725, up $0.250
Aug 23 Pork Cutout closed at $106.300, up $2.225,
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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