Hogs Posting Mixed Midweek Trade
Lean hog futures are showing mixed action, with contracts down 15 to 30 cents higher. USDA’s national base hog price was reported at $90.88 on Tuesday afternoon, up 27 cents from the day prior. The CME Lean Hog Index was down another 21 cents on August 24 at $92.65.
USDA’s pork carcass cutout value was back down 75 cents in the Wednesday AM report, at $97.67. The picnic and belly were the only primals reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 488,000 head, with the week to date total at 957,000 head. That is 3,000 head below the previous week and up 25,640 head from the same week last year.
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Oct 26 Hogs are at $80.300, down $0.150,
Dec 26 Hogs are at $70.625, up $0.275
Feb 27 Hogs are at $73.375, up $0.200,
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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