Lean hog futures are up 15 to 45 cent gains so far on Friday. USDA’s national base hog price was not reported on Friday morning due to thin volume. The CME Lean Hog Index was up 1 cent on December 17 at $83.88.
USDA’s pork carcass cutout value from the Friday AM report was $2.92 lower to $100.35 per cwt. The loin was the only primal reported lower. USDA estimated federally inspected hog slaughter for Thursday at 495,000 head, with the weekly total at 1.957 million head. That was 8,000 head below last week and 10,755 head above the same week last year.
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Feb 26 Hogs are at $84.575, up $0.450,
Apr 26 Hogs are at $89.100, up $0.150
May 26 Hogs is at $93.250, up $0.375,
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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