Hogs Extend Weakness to Tuesday
Lean hog futures were lower on Tuesday, with contracts down 60 cents to $1.70. USDA’s national base hog price was reported at $84.58 on Tuesday afternoon, up $1.76 from the day prior. The CME Lean Hog Index was down another 73 cents on September 11 at $87.21.
USDA’s pork carcass cutout value was down $2.28 in the Tuesday PM report, at $87.50. The ham was the only primal reported higher. Federally inspected hog slaughter for Tuesday was estimated at 488,000 head, taking the weekly total to 970,000 head. That was 3,981 head below 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.
Oct 26 Hogs closed at $79.075, down $0.525,
Dec 26 Hogs closed at $69.650, down $1.600
Feb 27 Hogs closed at $71.900, down $1.700,
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.
