Brown and white piglet by Fernando Cavalcanti via Pixabay
Lean hog futures closed the midweek session with contracts up 35 cents to $1.15. USDA’s national base hog price was reported at $94.36 on Wednesday afternoon, down $1.21 from the day prior. The CME Lean Hog Index was back up 14 cents on June 1 at $91.65.
USDA’s pork carcass cutout value from the Wednesday PM report was down $2.08 at $98.51 per cwt. All primals were reported lower, led by a $10.92 drop in the rib. USDA estimated federally inspected hog slaughter for Wednesday at 485,000 head, taking the weekly total to 1.443 million head. That is up 21,822 head from the same week last year.
Jun 26 Hogs closed at $96.050, up $0.350,
Jul 26 Hogs closed at $102.000, up $0.350
Aug 26 Hogs closed at $99.575, up $0.600,
On the date of publication, Austin Schroeder 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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