Lean hog futures are back up 40 to 50 cents in most front months on Tuesday, with August down a nickel. USDA’s national base hog price was up $8.76 from the on Tuesday AM report, at $114.30 this morning. The CME Lean Hog Index was up 11 cents at $110.41 on July 28.
USDA’s Wednesday AM FOB plant pork cutout value was 6 cents higher at $115.91 per cwt. The loin, butt, and ham primals were reported lower. USDA estimated hog slaughter at 460,000 head for Tuesday, with the week to date total at 902,000 head after a revised (18,000 head lower) Monday total. That was 21,000 head below last week and down 46,256 head from the same week last year.
Aug 25 Hogs are at $107.200, down $0.050,
Oct 25 Hogs are at $89.225, up $0.500
Dec 25 Hogs is at $81.225, up $0.425,
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.
