Hogs Falling to Close October
Lean hog futures are down 97 cents to $1.12 so far at midday. USDA’s national base hog price was reported at $61.40 in the Friday AM report, down $1.66 from the day prior. The CME Lean Hog Index was down $1.00 on October 28 at $67.30.
USDA’s pork carcass cutout value was up $3.05 in the Friday morning report, at $73.74. The belly primal led the charge, up $22.12, with the butt and ham following higher. Federally inspected hog slaughter for Thursday was estimated 497,000 head, with the week to date total at 1.957 million head. That was 6,000 head above last week and 21,555 head above of the same week last year.
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Dec 26 Hogs are at $58.850, down $0.975,
Feb 27 Hogs are at $63.600, down $1.125
Apr 27 Hogs are at $69.650, down $0.975,
On the date of publication, Austin Schroeder did not directly have a position 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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