Hogs Falling on Wednesday
Lean hog futures are showing losses of $1 to $1.25 at Wednesday’s midday, with August up a nickel ahead of Thursday’s expiration. USDA’s national base hog price was reported at $110.10 on Wednesday morning, up $3.75. The CME Lean Hog Index was down 18 cents at $109.84 on August 11.
USDA’s FOB plant pork cutout report from Wednesday morning was back down $2.58 at $117.28 per cwt. The rib and ham were reported lower, with the rest higher. USDA estimated hog slaughter at 480,000 head for Tuesday, taking the week to date total to 962,000. That was 55,000 head above last week but down 6,183 head from the same week last year.
Aug 25 Hogs are at $109.600, up $0.050,
Oct 25 Hogs are at $90.450, down $1.150
Dec 25 Hogs is at $82.550, down $1.250,
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.