Lean hog futures are showing 50 cent to $1.22 gains at midday. USDA’s national base hog price was reported at $92.68 on Tuesday morning. The CME Lean Hog Index was another 13 cents higher on March 5 at $90.87.
USDA’s pork carcass cutout value from the Tuesday AM report was down $1.78 at $99.54 per cwt. The picnic and belly primals were the only reported higher. USDA estimated Monday’s federally inspected hog slaughter at 493,000 head. That is 18,000 head above last week and 6,110 head above the same week last year.
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Apr 26 Hogs are at $95.950, up $1.125,
May 26 Hogs are at $101.600, up $1.225
Jun 26 Hogs are at $110.475, up $0.575,
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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