Lean hog futures are trading with 92 cent to $1.80 losses in the front months on Wednesday. USDA’s national base hog price was reported at $93.05 on Wednesday morning, up 37 cents from the day prior. The CME Lean Hog Index was another dime higher on March 5 at $90.97.
USDA’s pork carcass cutout value from the Wednesday AM report was down 72 cents at $98.38 per cwt. The picnic and ham primals were the only reported higher. USDA estimated Tuesday’s federally inspected hog slaughter at 495,000 head, taking the weekly total to 980,000 head. That is 21,000 head above last week and 6,039 head above the same week last year.
Don’t Miss a Day:
From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Apr 26 Hogs are at $95.150, down $0.925,
May 26 Hogs are at $99.975, down $1.375
Jun 26 Hogs are at $108.850, down $1.800,
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.
