Hogs Firm on Monday, as Pork Prices Bounce
Lean hog futures closed with contracts 22 cents to $1.05 higher. USDA’s national base hog price was reported at $71.02 on Monday morning, down $3.24 from the day prior. The CME Lean Hog Index was down another 80 cents on October 8 at $77.61.
USDA’s pork carcass cutout value was up $2.47 in the Friday PM report, at $82.97. The rib was the only primal reported lower. Federally inspected hog slaughter for Monday was estimated at 498,000 head. That was 5,000 head above last Monday and 18,030 head larger than 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.
Oct 26 Hogs closed at $75.600, up $0.550,
Dec 26 Hogs closed at $68.375, up $0.550
Feb 27 Hogs closed at $70.300, up $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.
More news from Barchart
- Cattle Prices Are at Multi-Week Highs as Lean Hogs Sink to a Contract Low. What to Watch Next.
- Lean Hog Prices Are Rebounding. Why You Should Buy Futures Here.
- Cattle Bulls Are Fighting to Keep Prices Moving Higher, but Lean Hogs Are Trapped
- Livestock Futures Bears Are Growling with Lean Hog Prices Leading the Downside
With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries.