Lean hog futures were down $2.22 to $3.15 on Monday. USDA’s national base hog price was up $3.79 in the Monday afternoon report, with negotiated trade at $111.88. The CME Lean Hog Index was 13 cents higher at $112.02 on June 26.
USDA’s Monday afternoon FOB plant pork cutout value was down $2.09 at $115.37. The rib and ham led the charge lower, with the belly, loin, and picnic reported higher. Federally inspected hog slaughter for Monday as estimated at 483,000 head by USDA. That is up 24,000 head from last week and 5,404 head above the same week last year.
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Jul 25 Hogs closed at $110.100, down $3.150,
Aug 25 Hogs closed at $107.500, down $2.775
Oct 25 Hogs closed at $92.400, down $2.225,
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.
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