
Hogs are trading lower on Wednesday, with contracts a nickel to 32 cents in the red across the front months. USDA’s National Average Base Hog price for Wednesday morning was $1.12 weaker to $93.74. The CME Lean Hog Index was 49 cents lower to $102.57.
Pork cutout futures are up 20 cents in the nearby October contract. The National Pork Carcass Cutout Value for Wednesday was 96 cents lower to $107.67. USDA estimated Tuesday’s FI hog slaughter at 476k head, for a weekly total of 937,000 head. That compares to 882k last week and 923k during the same week last year.
Oct 23 Hogs are at $78.150, down $0.050,
Dec 23 Hogs are at $71.050, down $0.200
Oct 23 Pork Cutout is at $90.200, up $0.200,
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.