Hogs Posts Mixed Wednesday Trade
Lean hog futures closed mixed on Wednesday, with contracts down 40 cents to 30 cents higher on the session. USDA’s national base hog price was reported at $82.60 on Wednesday afternoon, down $1.98 from the day prior. The CME Lean Hog Index was down another 61 cents on September 14 at $86.60.
USDA’s pork carcass cutout value was back down $1.15 in the Wednesday PM report, at $86.35. The loin and picnic were the only primals reported higher. Federally inspected hog slaughter for Wednesday was estimated at 488,000 head, taking the weekly total to 1.458 million head. That was 8,906 head below the same week last year.
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Oct 26 Hogs closed at $78.675, down $0.400,
Dec 26 Hogs closed at $69.950, up $0.300
Feb 27 Hogs closed at $71.750, down $0.150,
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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