Lean hog futures closed Tuesday with mixed trade, as December was up 20 cents another other contracts down 45 to 55 cents. Open interest was down 2,056 contracts. USDA’s national base hog price was reported at $71.43 on Tuesday afternoon, up $1.39 from the day prior. The CME Lean Hog Index was back up 3 cents on December 5 at $81.84.
USDA’s pork carcass cutout value from the Tuesday PM report was back up 93 cents to $96.44 per cwt. The picnic, ham, and belly primals were the only reported higher. USDA estimated federally inspected hog slaughter for Tuesday at 493,000 head, taking the week to date total to 981,000 head. That was 10,000 head above last week and 9,285 head above the same week last year.
Dec 25 Hogs closed at $82.500, up $0.200,
Feb 26 Hogs closed at $81.875, down $0.525
Apr 26 Hogs closed at $86.525, down $0.450,
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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