Hogs Post Monday Losses
Lean hog futures closed the day with contracts 97 cents to $1.92 lower on the session. Open interest was up 7,586 contracts on Monday, suggesting new selling interest. USDA’s national base hog price was reported at $82.82 on Monday afternoon, down $2.56. The CME Lean Hog Index was down another 28 cents on September 10 at $87.94.
USDA’s pork carcass cutout value was down 2 cents in the Monday PM report, at $89.78. The ham was weaker, with the belly the only other primal reported lower, down another $10.33. Federally inspected hog slaughter for Monday was estimated at 492,000 head for Monday. That was 5,841 head above the same week last year.
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Oct 26 Hogs closed at $79.600, down $1.925,
Dec 26 Hogs closed at $71.250, down $1.450
Feb 27 Hogs closed at $73.600, down $1.600,
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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