Piglets in a pasture by Beatrice Hohl via Pixabay
Lean hog futures snuck out gains of a tick to 65 cents on Monday. USDA’s national average base hog negotiated price was reported at $83.59 on Monday afternoon, up 24 cents from the previous day. The CME Lean Hog Index was back up 25 cents from the day prior at $85.46 on April 17.
The USDA pork cutout report was 61 cents lower, on Monday afternoon at $96.39. The loin, butt, and belly primals were reported lower, with the rib up $9.66. Monday’s federally inspected hog slaughter from USDA was estimated at 356,000 head. That was down 131,000 head from last week and 125,333 head below the same week last year.
May 25 Hogs closed at $91.025, up $0.625,
Jun 25 Hogs closed at $98.050, up $0.025
Jul 25 Hogs closed at $98.250, up $0.150,
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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