Hogs closed with losses of 2 to 75 cents on Wednesday. USDA’s National Average Base Hog price for Wednesday afternoon was $1.72 weaker to $93.45. The CME Lean Hog Index was 64 cents lower to $101.93 on August 14.
Pork cutout futures were down a tick in the nearby October contract. The National Pork Carcass Cutout Value for Wednesday afternoon was $1.36 lower to $107.27. Most of the primals were lower, with just the butt showing a gain of $0.36. USDA estimated Wednesday’s FI hog slaughter at 471,000 head, for a weekly total of 1.408 million head. That compares to 1.35 million last week and 1.405 million during the same week last year.
Oct 23 Hogs closed at $78.175, down $0.025,
Dec 23 Hogs closed at $71.175, down $0.075
Oct 23 Pork Cutout closed at $89.975, down $0.025,
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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