Hogs Holding Steady on Tuesday
Lean hog futures are trading with contracts up a dime to down a nickel in the front months on Tuesday’s midday. USDA’s national base hog price was reported at $89.64 on Tuesday morning, up 99 cents from the day prior. The CME Lean Hog Index was down another 66 cents on August 28 at $90.86.
USDA’s pork carcass cutout value was back up a penny in the Tuesday AM report, at $97.68. The loin, picnic, and belly were the primals reported lower. USDA estimated federally inspected hog slaughter for Monday at 476,000. That is 7,000 head above the previous Monday.
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Oct 26 Hogs are at $83.750, up $0.075,
Dec 26 Hogs are at $74.250, up $0.100
Feb 27 Hogs are at $76.475, down $0.050,
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.
