Hogs Rally to Close Out August
Lean hog futures were in rally mode to round out August trade, with gains of 95 cents to $1.85 at midday. USDA’s national base hog price was reported at $88.73 on Monday afternoon, down 84 cents from the day prior. The CME Lean Hog Index was down another 62 cents on August 27 at $91.52.
USDA’s pork carcass cutout value was back up $1.61 in the Monday PM report, at $97.67. The butt and ham were the only primals reported lower, with the belly up $7.98. USDA estimated federally inspected hog slaughter for Monday at 476,000. That is 7,000 head above the previous Monday.
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Oct 26 Hogs closed at $83.675, up $1.775,
Dec 26 Hogs closed at $74.150, up $1.850
Feb 27 Hogs closed at $76.525, up $1.550,
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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