Lean hog futures are trading with 12 to 87 cent losses across most contracts on Monday. The national average base hog negotiated price was reported at $78.32 on Monday Tuesday, which was down $1.37 from the day prior. The CME Lean Hog Index was reported at $83.12 on January 2 down 87 cents from the previous day.
USDA’s FOB plant pork cutout value was back down $1.57 in the Monday AM report at $87.97 per cwt. The belly was the only primal reported higher, up $6.37. Federally inspected hog slaughter was estimated 2.288 million head. That was up 237,000 head from last week but down 80,755 head from the same week last year.
Feb 25 Hogs are at $79.900, down $0.875,
Apr 25 Hogs are at $85.650, down $0.125
May 25 Hogs is at $90.450, down $0.125,
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.
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