Hogs Extending Climb to Wednesday’s Midday
Lean hog futures are posting modest Wednesday gains of 2 to 70 cents. USDA’s national base hog price was reported at $101.04 Wednesday morning, up $2.91 from the day prior. The CME Lean Hog Index was 48 cents higher on July 20 at $96.64.
USDA’s pork carcass cutout value was 31 cents lower in the Wednesday AM report, at $104.51. The long and picnic were the only primals reported higher. USDA estimated federally inspected hog slaughter for Tuesday was 479,000 head, with the week to date total at 910,000 head, on a revision to Monday. That is 11,000 head below the week prior and 14,487 head shy of the same week last year.
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Aug 26 Hogs are at $101.525, up $0.025,
Oct 26 Hogs are at $88.375, up $0.250
Dec 26 Hogs are at $79.925, up $0.675,
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.
