Lean hog futures are up 7 to 40 cents on the session. The national average base hog price was not reported on Wednesday morning on no volume, with the 5-day rolling average at $81.19. The CME Lean Hog Index was $87.82 on August 26, down 4 cents from the previous day.Â
USDA’s FOB plant pork cutout value was up 44 cents the Wednesday AM report at $96.49 per cwt. The picnic and butt primals were the only reported lower, with the rib up $3.02 to lead the way to the upside. USDA estimated the Tuesday FI hog slaughter at 479,000 head, bringing the week to date total to 958,000 head. That is 7,000 head above the previous week and 2,618 head larger than the same week last year.
Oct 24 Hogs  are at $82.150, up $0.075,
Dec 24 Hogs  are at $72.000, up $0.350
Feb 25 Hogs  is at $74.600, up $0.400,
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.
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