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Barchart
Austin Schroeder

Hogs Seeing Buying Ahead of Hogs & Pigs Report

Hogs USDA

Lean hog futures are trading higher on Thursday as contracts are taking back the Wednesday weakness, with contracts 95 cents to $1.20. USDA’s national base hog prices from the Thursday AM report was at $104.02, down 70 cents from the day prior. The CME Lean Hog Index was back up a dime on September 23 at $105.00. 

NASS will release their quarterly Hogs & Pigs report this afternoon, with September 1 inventory seen up 0.3% from last year. Hogs kept for breeding are expected to be down 0.5%, with market hog inventory seen up 0.3%.

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