Hogs Look to Thursday Action

Lean hog futures were up a nickel to $1.25 in most contracts on Wednesday. The USDA’s National Average Base Hog price was $132.48 on Wednesday afternoon, up $1.35 from the previous day’s report. The August 8th CME Lean Hog Index was 32 cents higher to $122.25. 

Front month pork cutout futures were up 97 cents. USDA’s National Pork Carcass Cutout value in the Wednesday PM report was 18 cents lower to $123.67. The rib, butt, ham, and belly were a drag on the value, all reported lower. Federally inspected hog slaughter for Wednesday was estimated at 474,000 head. That took the WTD total to 1.406 million head, 57,000 head above last week and 5,000 head  larger than the same week last year.

Aug 22 Hogs  closed at $122.250, up $0.050,

Oct 22 Hogs  closed at $100.850, up $1.250

Oct 22 Pork Cutout  closed at $111.000, up $0.975,