Hogs Close Mixed on Tuesday, As Cutout Slide Continues
Lean hog futures posted 55 cent to $1.10 weaker trade on Tuesday, with October up 17 cents. USDA’s national base hog price was down 33 cents in the Tuesday afternoon report, with negotiated trade at $111.55. The CME Lean Hog Index was back down 26 cents at $111.76 on June 27.
USDA’s Tuesday afternoon FOB plant pork cutout value was down $3.07 at $112.30. The ham led saw a bounce, with the other 5 primals reported lower. Federally inspected hog slaughter for Tuesday as estimated at 478,000 head by USDA, taking the WTD total to 947,000 head following a Monday revision. That is up 11,000 head from last week but 977 head below the same week last year.
Jul 25 Hogs closed at $109.000, down $1.100,
Aug 25 Hogs closed at $106.950, down $0.550
Oct 25 Hogs closed at $92.575, up $0.175,
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.