Lean hog futures posted strength on Monday, with contracts 20 cents to $1.55 higher. Open interest was down 1,540 contracts. USDA’s national base hog price was reported at $96.68 on Monday afternoon, down 99 cents from the day prior. The CME Lean Hog Index was down 36 cents on August 6 at $96.30.
USDA’s pork carcass cutout value was back up 31 cents in the Monday PM report, at $101.81. The butt and rib primals were the only reported lower. USDA estimated federally inspected hog slaughter for Monday at 483,000 head. That is 65,000 head above the previous Monday and 1,363 head above the same week last year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Aug 26 Hogs closed at $95.700, up $0.200,
Oct 26 Hogs closed at $83.675, up $1.450
Dec 26 Hogs closed at $75.125, up $1.550,
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.
More news from Barchart
- Hog Prices Are Falling. How to Trade Them Now.
- There’s a Trainwreck Happening in Cattle Prices. Here’s What You Need to Watch This Week.
- Cattle Prices Are Trapped in Downtrends as Energy Prices Spike on U.S.-Iran Volatility
- Bacon, Lettuce, and Tomato Season Is Almost Here. Lean Hog Prices Could Head Even Higher.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
