The front month lean hog futures market was $0.97 to $2.17 weaker on Monday. August contracts expired at $102.25 to be settled against the index. The CME Lean Hog Index for 8/10 was $103.06, down by another 85 cents. USDA’s National Average Base Hog price for Monday increased 20 cents to $96.15.
Pork cutout futures finished the first trade day of the week with $0.40 to $1.45 losses. The National Pork Carcass Cutout Value for Monday afternoon was $1 weaker to $109.08. The CME Fresh Bacon Index for 8/11 was $281.87, up by $1.54. USDA estimated the Monday hog slaughter at 461k head, compared to 411k last week and 444k during the same week last year.
Oct 23 Hogs closed at $79.150, down $2.175,
Dec 23 Hogs closed at $72.650, down $1.850,
Oct 23 Pork Cutout closed at $90.675, down $0.400,
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.
