Lean hog futures ended the Tuesday session with 30 cent to $1.025 gains in the nearbys. Â The national average base hog price was reported at 78.90 on Tuesday afternoon, $2.26 higher than the day prior. The CME Lean Hog Index was $86.47 on August 29, down 57 cents from the day prior.Â
USDA’s FOB plant pork cutout value was up $1.59 in the Tuesday PM report at $98.82 per cwt. All primals were reported higher, with the ham up $2.91to lead the way. USDA estimated the Tuesday FI hog slaughter at 484,000 head, with the week to date total at 486,000 head. That is well below the previous non-holiday week but 12,698 head larger than the same week last year.
Oct 24 Hogs  closed at $82.525, up $0.300,
Dec 24 Hogs  closed at $73.800, up $1.025
Feb 25 Hogs  closed at $76.325, up $0.950,
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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