Lean hog futures are trading with contracts down 12 to 52 cents so far on Friday. USDA’s national average base hog negotiated price was reported at $90.21 on Friday morning, down 2 cents from the day prior. The CME Lean Hog Index was back down 10 cents from the previous day on February 26 at $89.39.
President Trump’s 25% tariffs on Mexico and Canada are still set for a March 4 start date after some back and forth this week.
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USDA’s reported the Friday afternoon FOB plant pork cutout value down $1.94 at $99.02 per cwt. The belly flip flop continues, back down $20.62, with the butt the only other primal reported lower. USDA reported the Thursday Federally inspected hog slaughter estimated at 489,000 head, taking the week to date total to 1.958 million head. That is 28,000 head above last week and 2,100 head above the same week last year.
Apr 25 Hogs are at $84.250, down $0.125,
May 25 Hogs are at $88.600, down $0.150
Jun 25 Hogs is at $97.075, down $0.525,
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.
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