Pig with dirt on snout ear tagged
Hogs traded $0.20 to $1.02 higher on Monday, as the October contract led the way. That added to the premium over the Dec contract, going home +$7.90. The National Average Base Hog price increased by 3 cents to $79.17 on Monday afternoon. The 9/06 CME Lean Hog Index was 18 cents higher at $86.19.
Pork cutout futures settled in similar fashion with a $1.02 gain for Oct, but 37 cent gains for the other nearbys. USDA saw the National Pork Carcass Cutout Value $1.65 stronger on Monday morning to $99.45. Monday’s FI hog slaughter was estimated at 480k head, matching the same week last year.
Oct 23 Hogs closed at $82.550, up $1.025,
Dec 23 Hogs closed at $74.650, up $0.200
Oct 23 Pork Cutout closed at $93.850, up $1.025,
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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