Lean hog futures are trading with contracts falling a tick to $1.05 so far on the day. USDA’s national base hog price was reported at $96.96 on Tuesday morning. The CME Lean Hog Index was down 21 cents on August 7 at $96.09.
USDA’s pork carcass cutout value was back up 98 cents in the Tuesday AM report, at $102.79. The belly and picnic primals were the only reported lower. USDA estimated federally inspected hog slaughter for Monday at 483,000 head. That is 65,000 head above the previous Monday and 1,363 head above the same week last year.
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Aug 26 Hogs are at $95.675, down $0.025,
Oct 26 Hogs are at $83.050, down $0.625
Dec 26 Hogs are at $74.075, down $1.050,
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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