Pigs on a pig farm by artbyPixel via iStock
Lean hog futures are trading 15 to 67 cents higher at midday on Thursday, led by nearby February. The national average base hog negotiated price was reported at $81.26 on Wednesday afternoon, up $1.51 from the day prior. The CME Lean Hog Index was reported at $81.46 on January 20, up 6 cents from the previous day.
USDA’s FOB plant pork cutout value was 65 cents lower in the Wednesday PM report at $90.17 per cwt. Federally inspected hog slaughter for Wednesday was at 444,000 head, with the week to date total at 1.348 head. That is 99,000 head below last week and down 103,582 head from the same week last year.
Feb 25 Hogs are at $82.125, up $0.650,
Apr 25 Hogs are at $87.425, up $0.150
May 25 Hogs is at $92.325, up $0.325,
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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