Lean hog futures posted Tuesday gains of $1 to $1.20 on Tuesday. Some longs were coming back on Tuesday, with open interest up 1,716 contracts. USDA’s national base hog price from Tuesday afternoon was reported at $89.52, down 22 cents from the day prior. The CME Lean Hog Index was down another 54 cents on October 17 at $95.58.
USDA’s pork carcass cutout value from the Tuesday afternoon report was down another $1.49 to $100.59 per cwt. The belly was the only primal reported higher. USDA estimated federally inspected hog slaughter on Tuesday at 492,000 head, with the weekly total at 984,000 head. That is up 8,000 head from last week and 14,480 head above the same week last year.
Dec 25 Hogs closed at $83.275, up $1.200,
Feb 26 Hogs closed at $85.750, up $1.025
Apr 26 Hogs closed at $90.000, up $1.050,
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.
