Hogs Face Monday Weakness
Lean hog futures posted Monday losses of 52 cents to $1.07 into the close. USDA’s national average base hog negotiated price was reported at $92.51 on Monday afternoon, back up $4.41 from the day prior. The CME Lean Hog Index was up another 24 cents on May 15, at $91.26.
The Monday afternoon FOB plant pork cutout value was back up 97 cents at $101.09. The belly and ham primals were reported lower. Federally inspected hog slaughter for Monday was estimated at 480,000 head by the USDA. That was down 14,000 head from the previous Monday and 901 head above the same Monday last year.
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Jun 25 Hogs closed at $99.250, down $1.075,
Jul 25 Hogs closed at $103.575, down $0.600
Aug 25 Hogs closed at $103.100, down $0.525,
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.
