Lean hog futures were down 37 to 70 cents on Monday. Open interest was down 1,093 contracts. USDA’s national base hog price was reported at $71.68 on Monday afternoon, down 41 cents from the day prior. The CME Lean Hog Index was down another 35 cents on November 26 at $81.92.
USDA showed 38,790 MT of pork sold of export in the week of 10/23, a 4-week high. Shipments were an 18-week high at 31,317 MT.
USDA’s pork carcass cutout value from the Monday afternoon report was up 57 cents to $94.79 per cwt. The butt and rib were the only primals reported lower. USDA estimated federally inspected hog slaughter for Monday was 492,000 head. That was 3,000 head below last week but 6,241 head above the week last year.
Dec 25 Hogs closed at $80.225, down $0.375,
Feb 26 Hogs closed at $80.300, down $0.700
Apr 26 Hogs closed at $84.275, down $0.625,
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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