Pig Resting in Pen Hay
The Turnaround Tuesday in lean hogs has futures $1.05 to $1.80 higher in the front months. USDA’s National Average Morning Base Hog price for Tuesday was 93c weaker to $77.33. The CME Lean Hog Index for 9/13 was another 46 cents higher to $86.94.
Pork cutout futures are also bouncing by triple digits through midday. USDA’s National Pork Carcass Cutout Value for Tuesday morning was 30 cents higher to $101.26. The Monday FI hog slaughter was estimated at 485k. That compares to 468k head last week and 482k head during the same week last year.
Oct 23 Hogs are at $85.000, up $1.750,
Dec 23 Hogs are at $76.450, up $2.025
Oct 23 Pork Cutout is at $96.050, up $1.625,
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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