Lean hog futures saw some month end pressure on Tuesday, with contracts $1.30 to $1.65 lower at the close. USDA’s national base hog price from the Tuesday afternoon was down 19 cents from the day prior at $102.25. The CME Lean Hog Index was back down 5 cents on September 26 at $104.78.
USDA’s FOB plant pork cutout report from Tuesday morning was $1.88 lower at $110.34 per cwt. The rib primal was the only reported higher. USDA estimated federally inspected hog slaughter at 481,000 head for Tuesday, with the week to date total at 971,000. That is 6,000 head above last week but 4,225 head below the same week last year.
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Oct 25 Hogs closed at $99.850, down $1.300,
Dec 25 Hogs closed at $88.725, down $1.625
Feb 26 Hogs closed at $90.300, down $1.600,
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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