Lean hog futures are mixed on Tuesday, with contracts up 95 cents to down 35. USDA’s national base hog report from Tuesday morning saw trade averaging $106.93. The CME Lean Hog Index was back down a penny on September 5 at $105.91.
USDA’s FOB plant pork cutout report from Tuesday morning was back down 81 cents at $115.57 per cwt. The loin and belly were the only primals reported lower. USDA estimated federally inspected hog slaughter for Monday at 488,000 head. That is well above las week’s holiday and 3,338 head below the same week last year.
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Oct 25 Hogs are at $96.100, up $0.950,
Dec 25 Hogs are at $88.025, down $0.125
Feb 26 Hogs is at $90.325, down $0.350,
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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