Lean hog futures are down $1.07 to $2.35 so far on Tuesday. USDA’s national base hog price had a weighted average of $105.54 in the Tuesday AM report, down $3.48 from the previous report. The CME Lean Hog Index was up 2 cents at $110.30 on July 25.
USDA’s Tuesday morning FOB plant pork cutout value was $0.79 lower at $117.50 per cwt. The rib, ham and belly were the primals reported higher. USDA estimated hog slaughter at 460,000 head for Monday. That was 13,000 head above last week but down 12,061 head from the same week last year.
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Aug 25 Hogs are at $107.450, down $1.075,
Oct 25 Hogs are at $88.525, down $2.350
Dec 25 Hogs is at $80.600, down $2.300,
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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