Lean hog futures are posting losses of $1.50 to $2.15, as expiring August is up a tick. USDA’s national base hog price was up 48 cents in the Thursday AM report, at $110.58. The CME Lean Hog Index was down 6 cents at $109.78 on August 12.
Pork export sales totaled 21,202 MT in the week ending on August 7, which was back down from last week. Shipments were a 3-week low at 26,989 MT.
USDA’s FOB plant pork cutout report from Thursday morning was back down 34 cents at $116.16 per cwt. The butt, rib, and ham were reported higher. USDA estimated hog slaughter at 478,000 head for Wednesday, taking the week to date total to 1.44 million. That was 68,000 head above last week but down 8,709 head from the same week last year.
Aug 25 Hogs are at $109.650, up $0.025,
Oct 25 Hogs are at $88.650, down $2.125
Dec 25 Hogs is at $81.275, down $1.775,
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.
