Hogs Mixed on Monday
Lean hog futures settled mixed on Monday trade, as most nearbys were within 15 cents of unchanged. USDA’s national average base hog negotiated price was reported at $90.14 on Monday afternoon, down $1.25 from the day prior. The CME Lean Hog Index was up another 27 cents from the previous day at $87.54 on April 24.
Monday afternoon’s pork cutout value was a down 42 cents at $97.62 according to the USDA. The picnic and ham primals were reported higher, with the rest lower. Monday’s federally inspected hog slaughter from USDA was estimated at 486,000 head. That is up 130,000 head from the previous week and 8,986 head above the same week last year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
May 25 Hogs closed at $92.950, up $0.150,
Jun 25 Hogs closed at $101.000, down $0.150
Jul 25 Hogs closed at $101.225, up $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.
