Hogs Mixed on Monday
Lean hog futures closed with front months down 12 to 70 cents, with Feb up 2 cents. The national average base hog price was reported at $78.48 on Monday afternoon, up $1.69 from the day prior. The CME Lean Hog Index was $86.24 on September 5, down 19 cents from the day prior.
USDA’s FOB plant pork cutout value was 38 cents lower in the Monday PM report at $95.72 per cwt. The ham, rib, and loin were the primals reported lower, with the rest of the primals reported higher. USDA estimated FI hog slaughter at 486,000 head. That is well above the previous non-holiday week and 20,481 head larger than the same week last year.
Oct 24 Hogs closed at $78.800, down $0.700,
Dec 24 Hogs closed at $71.100, down $0.125
Feb 25 Hogs closed at $74.925, up $0.025,
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.