Lean hog futures are trading a tick to 15 cents higher in the front months on Friday. USDA’s national base hog price was reported at $90.33 on Friday morning. The CME Lean Hog Index was 37 cents higher on March 4 at $90.55.
USDA’s pork carcass cutout value from the Friday AM report was down 44 cents at $98.78 per cwt. The belly, rib, and picnic primals were reported higher. USDA estimated Thursday’s federally inspected hog slaughter at 491,000 head, taking the total to 1.944 million head for the week. That is 7,000 head below last week and 132,550 head below 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.
Apr 26 Hogs are at $95.800, up $0.125,
May 26 Hogs are at $100.550, up $0.025
Jun 26 Hogs are at $109.975, up $0.075,
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
- Cattle Futures Are in Trouble. What You Need to Watch Next.
- Cattle, Hog Bulls Still Have an Edge. What Needs to Happen for Prices to Keep Climbing.
- Live and Feeder Cattle Rally on USDA COF Report; Lean Hogs Are Technically Strong
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
