Lean hog futures saw losses of 50 cents in the Feb contracts on Wednesday, with other contracts up 50 to 75 cents. The national average base hog negotiated price was reported at $80.21 on Wednesday afternoon, up 7 cents from the day prior. The CME Lean Hog Index was reported at $80.99 on January 13, up 23 cents from the previous day.Â
USDA’s FOB plant pork cutout value was 62 cents higher in the Wednesday PM report at $90.83 per cwt. The loin and butt were the only primals reported lower. Federally inspected hog slaughter for Wednesday was 490,000 head, with the weed to date total at 1.453 million head. That is 35,000 head larger than last week and 149,668 head above the same week last year.Â
Feb 25 Hogs  closed at $83.125, down $0.500,
Apr 25 Hogs  closed at $91.025, up $0.525
May 25 Hogs  closed at $95.575, up $0.500,
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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