Lean hog futures are slipping back 35 to 90 cents across most contracts on Monday. USDA’s national base hog price from Monday morning was not reported due to light volume. The CME Lean Hog Index was down another 68 cents on October 22 at $92.95.
USDA’s pork carcass cutout value from the Friday afternoon report was back down $1.34 to $101.40 per cwt. The picnic and rib were the only primals reported higher. USDA estimated federally inspected hog slaughter for the week at 2.584 million head. That is down 4,000 head from last week and 7,299 head below the same week last year.
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Dec 25 Hogs are at $81.525, down $0.375,
Feb 26 Hogs are at $83.425, down $0.875
Apr 26 Hogs is at $88.050, down $0.900,
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.
