Hogs Fading Lower on Friday
Lean hog futures are trading with 5 to 90 cent losses across most contracts at midday. USDA’s national base hog price was reported at $93.03 on Friday morning, up $4.25 from the day prior. The CME Lean Hog Index was down a nickel on August 12 at $95.87.
USDA’s pork carcass cutout value was back down $1.53 in the Friday AM report, at $100.45. The belly primal was the only reported lower. USDA estimated federally inspected hog slaughter for Thursday at 484,000 head, with the weekly total at 1.906 million head. That is 44,000 head above the previous week but down 11,165 head from the same week last year.
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Aug 26 Hogs are at $95.425, down $0.050,
Oct 26 Hogs are at $81.350, down $0.775
Dec 26 Hogs are at $72.275, down $0.825,
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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