Lean hog futures are showing slightly higher trade on Wednesday’s midday, up 10 to 37 cents at midday. USDA’s national base hog price was reported at $91.85 on Wednesday morning. The CME Lean Hog Index was 18 cents higher on Feb 20 at $88.35.
Pork stocks at the end of January were tallied at 410.4 million lbs, according to the NASS Cold Storage report on Tuesday. That was up 6.05% from last month and 0.77% larger than the same month last year.
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USDA’s pork carcass cutout value from the Wednesday AM report was $1.50 at $98.45 per cwt. The loin and butt were the only primals reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 489,000 head, with the week to date total at 966,000 after a revision to Monday. That is 22,000 head above last week and 2,647 head below the same week last year.
Apr 26 Hogs are at $96.175, up $0.375,
May 26 Hogs are at $100.625, up $0.125
Jun 26 Hogs are at $110.175, up $0.150,
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.
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