Pig grazing in a field by Santiago Gonzalez via Pixabay
Lean hog futures were down 25 cents to $1.42 on the Monday session. USDA’s national base hog price was reported at $96.11 on Monday afternoon, up $2.26 from the day prior. The CME Lean Hog Index was up 9 cents on June 4 at $92.60.
USDA’s pork carcass cutout value from the Monday PM report was down $2.72 at $98.46 per cwt. The loin, butt, and picnic were the primals reported lower. USDA estimated federally inspected hog slaughter for Monday at 470,000 head. That is down 1,000 head from last Monday and 6,821 head below the same week last year.
Jun 26 Hogs closed at $94.025, down $0.275,
Jul 26 Hogs closed at $97.375, down $1.425
Aug 26 Hogs closed at $96.150, down $1.075,
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.
