Lean hog futures posted losses of 32 cents to $1.55 at the Monday close. Open interest suggested a rotation of ownership, up 267 contracts. USDA’s national base hog price was reported at $94.44 on Monday afternoon, up $1.90 from the day prior. The CME Lean Hog Index was back down 11 cents on April 30 at $91.30.
USDA’s pork carcass cutout value from the Monday PM report was down 23 cents at $97.36 per cwt. The loin, rib, and ham primals were the only reported lower. USDA estimated federally inspected hog slaughter for Monday at 490,000 head. That is up 6,000 head from the previous week and 9,118 head above the same week last year.
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May 26 Hogs closed at $91.625, down $1.200,
Jun 26 Hogs closed at $99.750, down $1.525
Jul 26 Hogs closed at $101.825, down $1.550,
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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