Hogs are holding UNCH to 25 cents in the red for the midday prints. The April contract has traded from -30 to +60 cents so far for the day. Hog futures had ended the Tuesday session with 15 to 45 cent gains, though the April contract was $1.10 under the session high for the closing bell. USDA’s National Average Base Hog price was listed at $72.48 for Wednesday morning, with no comparison to yesterday. The CME Lean Hog Index increased by 46 cents to $75.75 for 2/16. Â
USDA’s National Pork Carcass Cutout Value was shown at $90.99 on Wednesday morning, another $1.45 weaker. USDA reported Tuesday’s FI hog slaughter at 490k head. That’s up from 486k head last week and from 482k head during the day last year. The week-to-date total reached 980k head after President’s Day.
April 24 Hogs  are at $85.650, down $0.025,
May 24 Hogs  are at $88.850, down $0.150
April 24 Pork Cutout  is at $91.500, unch,,
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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