Hog futures traded red on Wednesday, with afternoon weakness pulling the board to $0.17 to $1.47 losses at the settle. USDA’s National Average Base Hog price for Wednesday afternoon was $3.46 higher to $122.45. The CME Lean Hog Index for June 17 was $109.16 after another 62 cent increase.
Front month pork cutout futures closed the Wednesday session with $0.37 to $1.82 losses. USDA’s National Pork Carcass Cutout Value from Wednesday’s PM report was $111.15 after a 29 cent increase. USDA estimated the week’s FI hog slaughter at 1.386m head through Wednesday. That is down 15k from last week and trails the same week last year by 28k head.
Jul 22 Hogs closed at $111.850, down $0.875,
Aug 22 Hogs closed at $108.325, down $1.475
Jul 22 Pork Cutout closed at $114.050, down $1.100,
/Green%20hydrogen%20by%20Scharfsinn%20via%20Shutterstock.jpg)
/AI%20(artificial%20intelligence)/Hands%20of%20robot%20and%20human%20touching%20on%20big%20data%20network%20connection%20by%20PopTika%20via%20Shutterstock.jpg)
