Hogs Continue Strength on Tuesday
Lean hog futures are up 60 cents to $1.50 so far on Tuesday. USDA’s national base hog price was reported at $109.06 in the Tuesday AM report, up $2.39 from the day prior. The CME Lean Hog Index was down 54 cents on August 22 at $107.27.
USDA’s FOB plant pork cutout report from Tuesday morning was down 22 cents at $113.95 per cwt. The picnic was the only primal reported lower, back down $12.95. USDA estimated hog slaughter for Monday at 455,000 head. That was 26,000 head below last week and down 20,636 head from the same Monday last year.
Oct 25 Hogs are at $92.900, up $1.500,
Dec 25 Hogs are at $85.650, up $0.900
Feb 26 Hogs is at $88.100, up $0.600,
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.