Lean hog futures are down 59 cents to $1.60 so far on Tuesday. USDA’s national base hog price from Tuesday morning was reported at $75.66. The CME Lean Hog Index was down 94 cents on November 14 at $87.00.
USDA’s pork carcass cutout value from the Tuesday AM report was down 94 cents to $96.07 per cwt. The picnic and belly primals were the only reported higher. USDA estimated federally inspected hog slaughter for the Monday at 494,000 head. That is even with last Monday and up 4,006 head from same week last year.
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Dec 25 Hogs are at $78.000, down $0.575,
Feb 26 Hogs are at $77.825, down $1.600
Apr 26 Hogs is at $81.825, down $1.200,
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.
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