Hogs Face Monday Losses
Lean hog futures were mostly lower on Monday, with October up a tick and the rest of the board down 55 cents to $1.27. USDA’s national base hog price was up 54 cents in the Monday PM report at $79.22. The CME Lean Hog Index was down another 44 cents on September 24 at $81.76.
USDA’s pork carcass cutout value was back up $1.06 in the Monday afternoon report, at $87.80. The belly primal was the only reported lower. Federally inspected hog slaughter for Monday was estimated at 491,000 head. That was 26,000 head above last Monday and 2,791 head larger than the same Monday last year.
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Oct 26 Hogs closed at $78.250, up $0.025,
Dec 26 Hogs closed at $68.400, down $0.625
Feb 27 Hogs closed at $69.375, down $0.950,
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.
