Hogs Falling Back on Friday
Lean hog futures are falling 97 cents to $2.62 at midday. USDA’s national base hog price was reported at $94.18 on Friday AM, down $1.46 from the day prior. The CME Lean Hog Index was up 26 cents on June 3 at $92.51.
USDA’s pork carcass cutout value from the Friday morning report was $3.52 at $101.65 per cwt. The belly was the only primal reported lower. USDA estimated federally inspected hog slaughter for Thursday at 481,000 head, taking the weekly total to 1.917 million head. That is up 15,877 head from the same week last year.
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Jun 26 Hogs are at $94.325, down $0.975,
Jul 26 Hogs are at $98.975, down $2.625
Aug 26 Hogs are at $97.475, down $1.800,
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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