Hogs Posting Strength at Midday
Lean hog futures back to higher trade on Wednesday. USDA’s national base hog price was reported at $92.24 in the Wednesday AM report, down $2.13 from the day prior. The CME Lean Hog Index was down 69 cents on August 17 at $94.78.
USDA’s pork carcass cutout value was back down 76 cents in the Wednesday morning report, at $98.36. The loin, butt, and ham primals were reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 476,000 head, with the weekly total at 960,000. That is 22,000 head above the previous week and up just 791 head from 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.
Oct 26 Hogs are at $81.425, up $0.700,
Dec 26 Hogs are at $71.350, up $0.425
Feb 27 Hogs are at $74.225, up $0.225,
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
With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries.