Piglets napping by Larry White via Pixabay
Lean hog futures are trading with contracts falling $1.35 to $2.12. USDA’s national base hog price was reported at $94.37 on Tuesday morning, up $2.69 from the day prior. The CME Lean Hog Index was down 21 cents on August 14 at $95.47.
USDA’s pork carcass cutout value was back up 99 cents in the Tuesday AM report, at $99.74. The picnic primal was the only reported lower. USDA estimated federally inspected hog slaughter for Monday at 484,000 head. That is 19,000 head above the previous week and up 4,020 head from the same week last year.
Oct 26 Hogs are at $80.375, down $1.350,
Dec 26 Hogs are at $70.475, down $2.050
Feb 27 Hogs are at $73.650, down $2.125,
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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