Lean hog futures posted gains of $3.27 to $3.50 across most front months on Monday. Shorts were getting out, with open interest down 5,351 contracts. USDA’s national base hog price from Monday PM was reported at $84.29, down 4 cents from the day prior. The CME Lean Hog Index was down another 55 cents on November 6 at $90.05.
USDA’s pork carcass cutout value from the Monday afternoon report was up $1.24 to $100.22 per cwt. The ham was the only primal reported lower. USDA estimated federally inspected hog slaughter for Monday at 494,000 head. That is 1,000 head above last Monday but 48,744 head above the same week last year.
Dec 25 Hogs closed at $82.775, up $3.375,
Feb 26 Hogs closed at $82.825, up $3.475
Apr 26 Hogs closed at $86.675, up $3.275,
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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