Lean hog futures posted losses of 35 cents to $1.20 across most contracts, with August up 17 cents. Open interest was up 4.691 contracts on Tuesday, suggesting modest new selling. USDA’s national base hog price was reported at $96.32 on Tuesday afternoon, down 36 cents from the day prior. The CME Lean Hog Index was down 21 cents on August 7 at $96.09.
USDA’s pork carcass cutout value was back down 33 cents in the Tuesday PM report, at $101.48. The loin, rib, belly and picnic primals were reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 479,000 head, with the weekly total at 944,000 head. That is 48,000 head above the previous week and 19,214 head above the same week last year.
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Aug 26 Hogs closed at $95.875, up $0.175,
Oct 26 Hogs closed at $83.325, down $0.350
Dec 26 Hogs closed at $74.125, down $1.000,
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.
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