Lean hog futures were down 15 cents in July, but up 20 cents to $1.45 in the rest of the contracts. USDA’s national base hog price was reported at $97.75 on Wednesday afternoon, up 18 cents from the previous day. The CME Lean Hog Index was down 16 cents on June 11 at $91.93. The market will round out the week on Thursday, with Friday off in observance of Juneteenth.
USDA’s pork carcass cutout value from the Wednesday PM report was down 80 cents at $94.77 per cwt. The belly was the only primal reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 476,000 head, with the week to date total at 1.439 head. That is up 37,000 head from last week and 26,465 head above the same week last year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Jul 26 Hogs closed at $94.650, down $0.150,
Aug 26 Hogs closed at $96.500, up $1.450
Oct 26 Hogs closed at $81.275, up $1.350,
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.
More news from Barchart
- The New World Screwworm Is Still Center Stage for Cattle Prices. Depending on the Day, It’s Either Bullish or Bearish.
- New World Screwworm Cases Could Create a Buying Opportunity in Hogs
- Bulls Are Losing Their Grip as Cattle Collapses. What to Watch.
- Strong Fundamentals Are Pushing Cattle Prices Higher, But Hogs Need a Boost
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
