Hogs Fading Back on Wednesday
Lean hog futures are falling back, with contracts 72 cents to $1.47 lower at midday. USDA’s national base hog price was reported at $87.72 on Wednesday morning. The CME Lean Hog Index was back down 89 cents on September 4 at $89.65.
USDA’s pork carcass cutout value was back up $2.28 in the Wednesday AM report, at $94.10. The loin, picnic, and rib were all reported lower, with the belly back up $14.33. USDA estimated federally inspected hog slaughter for Tuesday at 483,000 head.
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Oct 26 Hogs are at $82.775, down $1.475,
Dec 26 Hogs are at $74.325, down $0.725
Feb 27 Hogs are at $76.775, down $0.875,
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.
