Lean hog futures are trading with contracts down 37 cents to $1.90 at midday. USDA’s national base hog price was not reported on Wednesday morning due to light volume. The CME Lean Hog Index was back up another 13 cents on April 3 at $90.06.
USDA’s pork carcass cutout value from the Wednesday AM report was down 72 cents at $97.10 per cwt. The loin and butt primals were the only reported higher. USDA estimated Tuesday’s federally inspected hog slaughter at 497,000 head, taking the weekly total to 864,000 head. That was 122,000 head below the previous week and 110,441 head shy of 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 $90.400, down $0.375,
May 26 Hogs are at $96.825, down $1.575
Jun 26 Hogs are at $105.150, down $1.900,
