Lean hogs are back to higher trade on Wednesday, with contracts up 20 cents to $1.125 at midday. USDA’s national base hog report from Wednesday morning saw trade averaging $107.42, up 49 cents from the day prior. The CME Lean Hog Index was down another 4 cents on September 8 at $105.87.
USDA’s FOB plant pork cutout report from Wednesday morning was back up $1.55 at $115.66 per cwt. The butt, picnic, and rib were the primals reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 489,000 head, taking the week’s total at 977,000 head. That is well above last week’s holiday and 6,674 head above 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.
Oct 25 Hogs are at $97.250, up $1.125,
Dec 25 Hogs are at $88.425, up $0.575
Feb 26 Hogs is at $90.425, up $0.200,
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.
