Hogs See Monday Strength
Lean hog futures posted Monday gains of 70 cents to $1.47. The national average base hog price was reported at $76.96 on Monday afternoon up 96 cents from the previous day. The CME Lean Hog Index was $84.87 on September 12, down 48 cents from the day prior.
USDA’s FOB plant pork cutout value was back up 32 cents in the Monday PM report at $94.22 per cwt. The ham was the only primal reported lower, down $3.24. USDA estimated FI hog slaughter at 486,000 head for Monday. That matches the previous week and 1,021 head below the same Monday last year.
Oct 24 Hogs closed at $79.925, up $1.475,
Dec 24 Hogs closed at $72.175, up $0.875
Feb 25 Hogs closed at $75.675, up $0.700,
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.