Lean hog futures are trading with gains of a tick to 82 cents at midday. USDA’s national base hog report showed negotiated price was reported at $105.82, up 17 cents in the Thursday AM report. The CME Lean Hog Index was steady on September 2 at $105.92.
Pork export converted from Census data to a carcass basis were tallied at 551.89 million lbs, the second largest all time for July.
USDA’s FOB plant pork cutout report from Thursday morning was down $2 at $112.73 per cwt. All primal were reported lower. USDA estimated hog slaughter for Wednesday at 489,000 head, with the week to date total at 972,000. That is 94 head above the same holiday week last year.
Oct 25 Hogs are at $94.650, up $0.825,
Dec 25 Hogs are at $87.150, up $0.025
Feb 26 Hogs is at $89.475, up $0.175,
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.
