Hogs Close with Marginally Mixed Trade
Lean hog futures closed with contracts within 25 cents of unchanged on Tuesday. The national average base hog price was reported at $78.34 on Tuesday afternoon, down 14 cents from the previous day. The CME Lean Hog Index was $85.74 on September 6, down 50 cents from the day prior.
USDA’s FOB plant pork cutout value was 92 cents lower in the Tuesday PM report at $94.80 per cwt. The rib, butt, and loin were the primals reported higher, with the ham leading the way lower, down $2.75. USDA estimated FI hog slaughter at 484,000 head. That is well above the previous non-holiday week and 23,014 head larger than the same week last year.
Oct 24 Hogs closed at $78.550, down $0.250,
Dec 24 Hogs closed at $71.150, up $0.050
Feb 25 Hogs closed at $75.050, up $0.125,
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.