Lean hog futures posted losses of 60 cents to $1.57 on Tuesday. A few longs were liquidating with open interest down 492 contracts. USDA’s national base hog price from Monday afternoon was reported at $88.03, up $2.74 from the day prior. The CME Lean Hog Index was down another 68 cents on October 24 at $92.27.
USDA’s pork carcass cutout value from the Tuesday PM report was down $1.06 to $100.02 per cwt. The rib and ham were the only primals reported higher. USDA estimated federally inspected hog slaughter for Tuesday at 492,000 head, taking the weekly total to 985,000 head. That is up 6,000 head from last week and 5,337 head above the same week last year.
Dec 25 Hogs closed at $80.825, down $0.675,
Feb 26 Hogs closed at $82.450, down $0.950
Apr 26 Hogs closed at $86.875, down $1.125,
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.
