Brown and white piglet by Fernando Cavalcanti via Pixabay
Lean hog futures closed out the Monday session with nearby contracts up $1.25 to $1.725. The national average base hog price was down 28 cents on Monday afternoon at $82.72. The CME Lean Hog Index was $90.09 on August 15, down 11 cents from the previous day.
USDA’s FOB plant pork cutout value was down $1.58 in the Monday PM report at $97.09 per cwt. The ham, belly, and loin primals were all reported lower. USDA estimated Monday’s FI hog slaughter at 483,000 head. That is even with the previous week and 13,062 head larger than the same Monday last year.
Oct 24 Hogs closed at $76.800, up $1.725,
Dec 24 Hogs closed at $68.750, up $1.525
Feb 25 Hogs closed at $72.225, up $1.250,
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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