Piglets in a pasture by Beatrice Hohl via Pixabay
Lean hog futures are posting $1.25 to $1.85 gains across the front months at midday. USDA’s national base hog prices from the Tuesday AM report was at $106.10, up $1.58 from the day prior. The CME Lean Hog Index was down another 36 cents on September 19 at $104.98.
USDA’s FOB plant pork cutout report from Tuesday morning was up 75 cents at $114.05 per cwt. The loin, butt, and picnic primals were reported lower. USDA estimated federally inspected hog slaughter on Monday at 490,000 head. That was steady with last Monday and 8,401 head above the same Monday last year.
Oct 25 Hogs are at $100.300, up $1.500,
Dec 25 Hogs are at $90.600, up $1.850
Feb 26 Hogs is at $91.950, up $1.250,
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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