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Barchart
Barchart
Austin Schroeder

Hog Shifts Focus to Midweek

USDA

Lean hog futures closed with 60 cent to $1.90 gains on Tuesday. Preliminary open interest data showed light new buying, up 4,492 contracts. USDA’s national base hog price was reported at $113.52 on Tuesday afternoon. The CME Lean Hog Index was down 27 cents at $109.99 on August 1. 

Census data converted to a carcass basis showed pork export shipments in June at 551.64 million lbs. That was the third largest for the month on record but a slight 2.3% drop from May.

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