Lean hog futures are up 22 cents to 7 cents lower across the front months on Tuesday’s midday. USDA’s national average base hog negotiated price was reported at $88.11 on Tuesday morning. The CME Lean Hog Index was down 17 cents from the previous day at $88.19 on April 4.
The addition 50% tariffs on China are set to go into effect tomorrow April 9, taking the new total to 104% on all Chinese goods.
USDA’s Tuesday morning pork cutout value was back down $1.16, at $96.11 per cwt. The belly and rib were the only primals reported higher. Federally inspected hog slaughter was estimated at 488,000 head on Monday. That is up 24,000 head from last Monday and 21,618 head above the same Monday last year.
Apr 25 Hogs are at $87.825, up $0.025,
May 25 Hogs are at $84.300, up $0.225
Jun 25 Hogs is at $89.975, down $0.075,
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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