Hogs Fall Back on Tuesday
Lean hog futures rounded out the Tuesday session with contracts down $1 to $1.77 at the close. USDA’s national base hog price was reported at $93.52 on Tuesday afternoon, up 90 cents from the day prior. The CME Lean Hog Index was down 21 cents on August 14 at $95.47.
USDA’s pork carcass cutout value was back up 37 cents in the Tuesday PM report, at $99.12. The picnic primal was the only reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 476,000 head, with the weekly total at 960,000. That is 22,000 head above the previous week and just up 791 head from the same week last year.
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Oct 26 Hogs closed at $80.725, down $1.000,
Dec 26 Hogs closed at $70.925, down $1.600
Feb 27 Hogs closed at $74.000, down $1.775,
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.
