Lean hog futures were mixed on Tuesday, with contracts within 20 cents of unchanged. Open interest was up 574 contracts on Tuesday. USDA’s national base hog price was reported at $91.41 on Tuesday afternoon, down 46 cents from the day prior. The CME Lean Hog Index was 25 cents higher on Feb 27 at $89.69.
USDA’s pork carcass cutout value from the Tuesday PM report was steady at $98.50 per cwt. The ham, butt, and loin primals were reported lower. USDA estimated Tuesday’s federally inspected hog slaughter at 484,000 head, taking the total to 959,000 head for the week. That is 7,000 head above last week and 5,316 head below the same week last year.
Apr 26 Hogs closed at $95.750, up $0.175,
May 26 Hogs closed at $99.925, down $0.100
Jun 26 Hogs closed at $109.475, up $0.000,
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.
More news from Barchart
