Lean hog futures are up 20 cents in the expiring February, with other contracts 40 to 65 cents. Feb expires today. USDA’s national base hog price was not reported on Friday morning due to light volume. The CME Lean Hog Index was 37 cents higher on Feb 11 at $86.89. The markets will be closed on Monday for President’s Day.
USDA’s pork carcass cutout value from the Friday AM report was 78 cents higher at $94.87 per cwt. The ham was the only primal reported higher. USDA estimated federally inspected hog slaughter for Thursday at 456,000 head, with the week to date total at 1.922 million head. That was 25,000 head above last week but 27,013 head below the same week last year.
Feb 26 Hogs are at $86.950, up $0.200,
Apr 26 Hogs are at $91.425, down $0.400
May 26 Hogs are at $95.425, down $0.625,
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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