Lean hog futures are up a tick in October, with other nearby contracts 45 cents lower. USDA’s national base hog price was reported at $110.94 cents in the Tuesday AM report. The CME Lean Hog Index was back down 22 cents at $109.58 on August 15.
USDA’s FOB plant pork cutout report from Tuesday morning was down $1.38 at $114.98 per cwt. The rib and butt were higher, with the rest heading lower. USDA estimated hog slaughter for the Monday at 481,000 head. That was 1,000 head below last week and down 3,892 head from the same Monday last year.
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Oct 25 Hogs are at $90.150, up $0.025,
Dec 25 Hogs are at $83.000, down $0.450
Feb 26 Hogs is at $85.800, down $0.450,
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.
