Hogs Posting Tuesday Gains
Lean hog futures are trading with contracts $1.15 to $1.30 higher at midday. USDA’s national base hog price was $79.92 in the Tuesday morning PM report, down 55 cents from the day prior. The CME Lean Hog Index was down another 60 cents on September 18 at $83.42.
USDA’s pork carcass cutout value was back down 60 cents in the Tuesday morning report, at $88.31. The loin, belly, and rib were the only primals reported lower. Federally inspected hog slaughter for Monday was estimated at 493,000 head. That was 11,000 head above last week and 8,310 head above the same Monday last year.
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Oct 26 Hogs are at $79.300, up $1.150,
Dec 26 Hogs are at $71.075, up $1.275
Feb 27 Hogs are at $72.600, up $1.250,
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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