Hogs Rallying Back on Tuesday
Lean hog futures are higher on Tuesday, with contracts 80 cents to $1.10 higher. USDA’s national base hog price was tallied at $78.01 in the Tuesday AM report at $78.01. The CME Lean Hog Index was down another 55 cents on September 24 at $81.21.
USDA’s pork carcass cutout value was back up $2.79 in the Tuesday morning report, at $90.59. The picnic primal was the only reported lower. Federally inspected hog slaughter for Monday was estimated at 491,000 head. That was 26,000 head above last Monday and 2,791 head larger than the same Monday last year.
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Oct 26 Hogs are at $79.050, up $0.800,
Dec 26 Hogs are at $69.500, up $1.100
Feb 27 Hogs are at $70.300, up $0.925,
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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