Lean hog futures are trading with mixed midday action of as front month August is down 22 cents ahead of the Friday expiration, with other contracts 75 cents to $1.15 higher. USDA’s national base hog price was reported at $95.86 on Wednesday morning, down $1.11 from the day prior. The CME Lean Hog Index was down 15 cents on August 10 at $95.94.
USDA’s pork carcass cutout value was down 19 cents in the Wednesday AM report, at $101.29. The loin, butt, belly and ham primals were reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 479,000 head, with the weekly total at 944,000 head. That is 48,000 head above the previous week and 19,214 head above the same week last year.
Aug 26 Hogs are at $95.650, down $0.225,
Oct 26 Hogs are at $84.300, up $0.975
Dec 26 Hogs are at $75.275, up $1.150,
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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