Hogs Get a Bounce to Start the Week
Lean hog futures were up a nickel to $1.25 at the close. USDA’s national base hog price was $80.35 in the Monday PM report, down $1.41 from the day prior. The CME Lean Hog Index was down another $1 on September 14 at $84.02.
USDA’s pork carcass cutout value was back up $1.93 in the Monday afternoon report, at $88.91. The picnic was the only primal reported lower. Federally inspected hog slaughter for Monday was estimated at 493,000 head. That was 11,000 head above last week and 8,310 head above the same Monday last year.
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Oct 26 Hogs closed at $78.150, up $0.050,
Dec 26 Hogs closed at $69.800, up $1.250
Feb 27 Hogs closed at $71.350, up $1.200,
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.
