Lean hog futures were down 35 to 57 cents in the front months on Wednesday, with other contracts up 40 cents to $1.10. USDA’s national base hog price was reported at $92.27 on Wednesday afternoon, down 38 cents from the day prior. The CME Lean Hog Index was back up 14 cents on April 20 at $90.51.
USDA’s pork carcass cutout value from the Wednesday PM report was down 79 cents at $98.55 per cwt. The butt and rib primals were the only reported higher. USDA estimated Thursday’s federally inspected hog slaughter at 495,000 head, taking the week’s total to 1.476 million head. That is down 1,000 head from the previous week and 166,867 head above the same week last year.
May 26 Hogs closed at $95.050, down $0.350,
Jun 26 Hogs closed at $102.625, down $0.575
Jul 26 Hogs closed at $105.700, up $0.475,
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.
