Lean hog futures closed with nearby February down 47 cents on Tuesday, with other contracts steady to a dime higher. Open interest was up 3,011 contracts on Tuesday. USDA’s national base hog price was reported at $76.36 on Tuesday afternoon, up $10 from the day prior. The CME Lean Hog Index was back down 23 cents on Jan 2 at $81.62.
USDA’s pork carcass cutout value from the Tuesday AM report was $2.59 lower at $91.25 per cwt. All primals were reported lower. USDA estimated federal inspected hog slaughter for Tuesday at 495,000 head, taking the total to 993,000 head. That is 51,000 head above a week ago, and 57,696 head above the same week last year.
Feb 26 Hogs closed at $85.675, down $0.475,
Apr 26 Hogs closed at $91.575, up $0.075
May 26 Hogs closed at $95.625, up $0.050,
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.
