Hogs Resume Strength on Thursday
Lean hogs were $0.62 to $1.22 stronger for the close. That has April up by $1.97 for the week, after the strongest prices since March. USDA’s National Average Base Hog price increased by 58 cents to $73.20. The CME Lean Hog Index increased another $1.17 to $77.97 for 2/20. .
USDA’s National Pork Carcass Cutout Value increased $1.72 in the Thursday afternoon report to $91.89. USDA had FI hog slaughter listed at 1.96m head for the week through Thursday. That compares to 1.955m head last week and to 1.72m head during the same week last year.
Apr 24 Hogs closed at $87.200, up $1.225,
May 24 Hogs closed at $90.325, up $0.975
Apr 24 Pork Cutout closed at $93.250, up $1.250,
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.
