Lean hog futures are down 17 cents in nearby October, with other contracts up 30 to 50 cents. USDA’s national base hog price in the Monday morning report saw action down $2.19 from the day prior to $96.55. The CME Lean Hog Index was down another 86 cents on October 2 at $102.84.
USDA’s FOB plant pork cutout report from the Monday AM report was $1.40 higher at $109.70 per cwt. The picnic primal was the only reported lower. USDA estimated federally inspected hog slaughter at 2.602 million head for last week. That is 72,000 head above last week but 4,371 head below the same week last year.
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Oct 25 Hogs are at $98.800, down $0.175,
Dec 25 Hogs are at $87.625, up $0.325
Feb 26 Hogs is at $89.800, up $0.500,
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.
