Lean hog futures saw 25 cent to $1.12 losses across the board on Tuesday. USDA’s national base hog price was reported at $94.87 on Tuesday afternoon, down a penny from the day prior. The CME Lean Hog Index was back up 4 cents on May 15 at $90.50.
USDA’s pork carcass cutout value from the Tuesday PM report was down $1.48 at $96.88 per cwt. The loin, belly, an ham primals were reported lower, with the first two leading the charge. USDA estimated federally inspected hog slaughter for Tuesday at 485,000 head, taking the week to date total to 939,000. That is down 9,000 head from the previous Monday and 25,538 head below the same week last year.
Jun 26 Hogs closed at $97.925, down $0.600,
Jul 26 Hogs closed at $102.150, down $0.600
Aug 26 Hogs closed at $102.100, down $1.125,
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.
