Feb hog futures jumped higher at the open, and stayed lock limit up for the last 2 hours of the Thursday session. Dec hogs were down by 75 cents for the close. USDA’s National Average Base Hog price was 44 cents weaker to $49.21 on Thursday. The CME Lean Hog Index was 83 cents lower on 12/08 to $67.93.
USDA’s FAS reported 28,167 MT of pork was sold for export during the week that ended 12/07. That was a 4-wk high. The week’s shipments were 36,077 MT, a 29-wk high, which left the yearly total at 1.485 MMT. That compares to 1.409 MMT last year.
USDA’s National Pork Carcass Cutout Value fell 36 points to $83.57. USDA’s FI hog slaughter was estimated at 1.914 million head for the week through Thursday. That is 32k head less than last week and 16k head behind the same week last year.
Feb 24 Hogs closed at $70.475, up $3.750,
Apr 24 Hogs closed at $77.175, up $2.800
Feb 24 Pork Cutout closed at $81.725, up $0.000,
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.
/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
/Alphabet%20Inc_%20and%20Google%20logos%20by%20IgorGolovinov%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone-by%20Evolf%20via%20Shutterstock.jpg)