Lean hog futures are up 20 to 42 cents on Wednesday, with October down 12 cents. USDA’s national base hog price was not reported on Wednesday morning, with the 5 day rolling average at $111.65. The CME Lean Hog Index was up 89 cents at $110.44 on June 23.
USDA’s FOB plant pork cutout value from Wednesday morning was back down 18 cents at $121.38. The loin, ham, and rib were the primals reported lower. Federally inspected hog slaughter for Tuesday was estimated at 477,000 head by USDA, with the weekly total at 936,000 head after a revision to Monday. That is down 22,000 head from last week and 5,630 head below the same week last year.
Jul 25 Hogs are at $112.650, up $0.425,
Aug 25 Hogs are at $111.150, up $0.200
Oct 25 Hogs is at $95.350, down $0.125,
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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