Black and brown pig in green pasture
Nearby lean hog futures finished Tuesday with $0.40 to $1.12 losses, with bears most evident in the Feb contract. USDA’s National Average Base Hog price for Tuesday morning was $45.90 in the PM report. The CME Lean Hog Index increased 7 cents to $66.55 on 1/12.
USDA’s National Pork Carcass Cutout Value was $87.79 on 1/16, up by 73 cents. Tuesday’s FI hog slaughter was estimated at 464k head for Tuesday, setting the week’s total at 842k head vs 910.7k head during the same week last year.
Feb 24 Hogs closed at $70.775, down $1.125,
Apr 24 Hogs closed at $77.575, down $1.050
Feb 24 Pork Cutout closed at $84.700, down $1.150,
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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