Lean hog futures were mixed, with nearbys up 5 cents to 70 cents and other contracts slipping lower. USDA’s national base hog price from Wednesday afternoon was reported at $86, up $1.29 from the day prior. The CME Lean Hog Index was down another 8 cents on November 3 at $90.90.
USDA’s pork carcass cutout value from the Wednesday PM report was down $1.63 to $97.54 per cwt. All primals were reported lower. USDA estimated federally inspected hog slaughter for Wednesday at 493,000 head, which takes the weekly total to 1.474 million head. That is 10,000 head above last week and 14,485 head above the same week last year.
Dec 25 Hogs closed at $80.600, up $0.675,
Feb 26 Hogs closed at $80.975, up $0.050
Apr 26 Hogs closed at $84.875, down $0.250,
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.
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