Lean hog futures are down a nickel in the nearby August contracts on Wednesday, with other contracts down 87 cents to $1.125 at midday. USDA’s national base hog price was reported at $114.35 on Wednesday morning, up $3.37 from the day prior. The CME Lean Hog Index was down 43 cents at $109.56 on August 4.
USDA’s FOB plant pork cutout report from Wednesday AM was down $2.05 at $116.07 per cwt. The loin, picnic, and ham primals were the only reported lower. USDA estimated hog slaughter at 482,000 head for Tuesday, taking the week’s total to 907,000 head. That was 3,000 head below last week but up 16,770 head from 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.
Aug 25 Hogs are at $108.725, down $0.050,
Oct 25 Hogs are at $91.675, down $1.125
Dec 25 Hogs is at $84.300, down $0.875,
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
