Hogs Post Slight Gains on Monday
Lean hog futures saw Monday gains of 10 to 70 cents. USDA’s national average base hog negotiated price was reported at $103.22 on Monday afternoon, up $2.67 from the day prior. The CME Lean Hog Index was up 80 cents on June 5, at $98.37.
USDA’s FOB plant pork cutout value from the Monday afternoon was back down $1.22 at $110.29. The ham primal was the only reported lower. Federally inspected hog slaughter for Monday was estimated at 480,000 head. That is up 17,000 from last week and 16,516 head larger than the same week last year.
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Jun 25 Hogs closed at $102.775, up $0.150,
Jul 25 Hogs closed at $107.200, up $0.100
Aug 25 Hogs closed at $110.100, up $0.700,
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.
