Hog Retreat Continues on Tuesday
Lean hog futures saw mostly lower action on Tuesday, down $1.50 to $1.70. October futures expired today, up a nickel. USDA’s national base hog price from Tuesday afternoon was reported at $93.05, up 76 cents from the day prior. The CME Lean Hog Index was down another 86 cents on October 10 at $98.57.
USDA’s FOB plant report from Tuesday afternoon showed the pork cutout back up 17 cents at $103.76 per cwt. The loin, butt, and ham were the only primals reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 491,000 head, taking the week to date total at 976,000 head. That is up 5,000 head from last week and 17,887 head above the same week last year.
Oct 25 Hogs are at $97.475, up $0.050,
Dec 25 Hogs are at $83.150, down $1.700
Feb 26 Hogs is at $85.450, down $1.525,
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.