Hogs Post Mostly Lower Trade on Tuesday
Lean hog futures posted losses of 35 cents to $1.60, with nearby July up a dime. USDA’s national base hog price was reported at $96.42 on Tuesday afternoon. The CME Lean Hog Index was back down 12 cents on July 2 at $91.55.
USDA’s pork carcass cutout value was $1.66 higher in the Tuesday PM report at $97.91. The loin, ham, and belly were the primals reported higher, led by the latter, up $8.65. USDA estimated federally inspected hog slaughter for Tuesday at 479,000 head, with the weekly total at 942,000 head. That was 24,000 head above the week prior and 3,884 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.
Jul 26 Hogs closed at $93.450, up $0.100,
Aug 26 Hogs closed at $96.925, down $1.600
Oct 26 Hogs closed at $81.650, down $0.925,
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.
More news from Barchart
- Lean Hog Prices Are Sizzling Higher as Cattle Prices Flag Risk of Collapse
- Dangerous Heat and Screwworm Cases Mean Cattle Prices Are Still Bullish. Hog Prices Need a Kick Higher.
- Lean Hogs Are Rising. You Can Thank the USDA and Elevated Beef Prices.
- The New World Screwworm Is Still Center Stage for Cattle Prices. Depending on the Day, It’s Either Bullish or Bearish.
