Lean hogs posted strength of $1.30 to $1.80 on the Monday session. USDA’s national average base hog negotiated price was down $1.11 on Monday to $81.99. The CME Lean Hog Index was down another 81 cents from the previous day at $86.86 on April 10.
Monday afternoon’s pork cutout value was back up 82 cents according to the USDA, at $92.78. The butt was up $6.86 to lead the way, with the butt and rib lower. USDA’s federally inspected hog slaughter was estimated at 487,000 head for Monday. That is down 1,000 head from last Monday and 4,342 head below the same Monday last year.
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Apr 25 Hogs closed at $85.475, up $0.050,
May 25 Hogs closed at $87.950, up $1.375
Jun 25 Hogs closed at $95.125, up $1.800,
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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