Hogs Posting Tuesday Weakness
Lean hogs are showing 17 to 50 cent losses so far on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.09 from the Monday PM report on Tuesday morning at $90.72. The CME Lean Hog Index was back down 52 cents on April 26 at $90.36.
USDA’s National Pork Carcass Cutout Value was lower on Tuesday morning, down 28 cents to $98.72. The belly was the only primal reported lower, down $6.13 and dragging the cutout with it. USDA estimated federally inspected hog slaughter at 482,000 head on Monday. That is even with the same Monday last week and up 31,734 head from the same Monday last year.
May 24 Hogs are at $93.675, down $0.350,
Jun 24 Hogs are at $102.075, down $0.400
Jul 24 Hogs is at $104.975, down $0.475,
On the date of publication, Alan Brugler 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.
