Hogs Hold on for Gains on Monday
Lean hog futures were up 10 to 87 cents at the Monday close. USDA’s national base hog price had a weighted average of $110.47 this afternoon, up $4.92 from the previous report. The CME Lean Hog Index was up 30 cents at $107.93 on July 17.
USDA’s FOB plant pork cutout value for Monday afternoon was $1.73 higher at $119.52 per cwt. The rib was up $1.67, with the ham ($4.31) and Belly ($5.23) leading the charge. USDA estimated hog slaughter at 458,000 head for Monday. That was 9,000 head below last week but up 3,143 from the same week last year.
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Aug 25 Hogs closed at $107.350, up $0.875,
Oct 25 Hogs closed at $90.975, up $0.350
Dec 25 Hogs closed at $82.900, up $0.100,
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.
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