Lean hog futures closed the Tuesday session with contracts 25 cents to $1.25 lower. Open interest showed modest new selling interest, up 1,577 contracts. USDA’s national base hog price was reported at $87.74 on Tuesday afternoon. The CME Lean Hog Index was 11 cents lower on Feb 6 at $86.46.
USDA’s pork carcass cutout value from Tuesday afternoon report was 37 cents lower at $95.46 per cwt. The loin, rib, and belly were the primals reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 494,000 head, with the week to date total at 979,000 head. That was 58,000 head above last week but 782 head below the same week last year.
Feb 26 Hogs closed at $86.850, down $0.250,
Apr 26 Hogs closed at $95.500, down $1.225
May 26 Hogs closed at $99.525, down $0.850,
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.
