Hogs Facing Weakness on Friday
Lean hog futures are down 50 cents to $1. USDA’s national base hog price was $81.77 in the Friday AM report. The CME Lean Hog Index was down another 79 cents on September 14 at $85.02.
USDA’s pork carcass cutout value was back down 86 cents in the Friday morning report, at $86.68. The butt, picnic, and ham were the primals reported lower. Federally inspected hog slaughter for Thursday was estimated at 493,000 head, taking the weekly total to 1.951 million head. That was 9,363 head above the same week last year.
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Oct 26 Hogs are at $78.325, down $0.575,
Dec 26 Hogs are at $68.750, down $0.850
Feb 27 Hogs are at $70.125, down $1.000,
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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