Lean hogs are mixed in late Friday morning futures trading, down 22 to up 37 cents. July futures (yesterday’s big gainer) took a big hit early, but are testing the intraday highs at midday. The CME Lean Hog Index was up 13 cents on June 4 at $92.06. USDA put the National Base Hog weighted average price at $86.63.
USDA’s National Pork Carcass Cutout Value was up $3.21 cents at $103.90 in the morning FOB plant report. Hams were the only primal in negative territory. Pork bellies were up $10.27 from Thursday’s AM number, and up $21.97 from June 4. USDA estimated federally inspected hog slaughter at 470,000 head on Thursday, with the WTD total at 1.916 million head. That compares to 1.852 million head a year ago.
Jun 24 Hogs are at $92.525, up $0.375,
Jul 24 Hogs are at $93.250, up $0.275
Aug 24 Hogs is at $91.600, down $0.075,
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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