Hogs Look to Tuesday After Closing Monday Steady
Lean hog futures were mostly steady to 32 cents higher, as October was a tick higher. Open interest was up 3,029 contracts on Monday. USDA’s national base hog price was reported at $92.62 on Monday afternoon, down 68 cents from the day prior. The CME Lean Hog Index was down 19 cents on August 13 at $95.68.
USDA’s pork carcass cutout value was back down $1.15 in the Monday PM report, at $98.76. The picnic primal was the only reported higher. USDA estimated federally inspected hog slaughter for Monday at 484,000 head. That is 19,000 head above the previous week and up 4,020 head from the same week last year.
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Oct 26 Hogs closed at $81.725, down $0.025,
Dec 26 Hogs closed at $72.525, up $0.050
Feb 27 Hogs closed at $75.775, down $0.000,
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.
