Lean hog futures are trading with $1.6 to $1.95 gains in the front months. USDA’s national base hog price was not reported on Tuesday morning, with the 5-day rolling average at $89.33. The CME Lean Hog Index was 22 cents higher on Feb 20 at $88.17.
USDA’s pork carcass cutout value from the Tuesday AM report was 20 cents at $97.20 per cwt. The rib, picnic, and ham were the primals reported lower. USDA estimated federally inspected hog slaughter for Monday at 489,000 head. That was 28,000 head above last week and 660 head ahead of the same week last year.
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Apr 26 Hogs are at $95.550, up $1.850,
May 26 Hogs are at $100.575, up $1.925
Jun 26 Hogs are at $109.925, up $1.600,
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.
