Lean hog futures saw mixed trading on Monday, with contracts rising between 7 cents and 20 cents lower during the first few months. Monday afternoon’s USDA national base hog price was up 30 cents from Friday to $76.14. The CME Lean Hog ​​Index was down 89 cents on Nov. 13 to $87.94.
The USDA hog carcass cutoff value as reported Monday afternoon was down 21 cents again to $97.01 per cwt. Picnic primaries, ribs and ham were the only ones that reported higher levels. The USDA estimated slaughter of federally inspected hogs for Monday at 494,000 head. This is on par with last Monday and 4,006 head more than the same week last year.
December 25 Pigs closed at $78.575, up $0.075,
February 26 Pigs closed at $79,425, an increase of $0.050
April 26 Pigs closed at $83.025, down $0.125,
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. For more information, see Barchart’s Disclosure Policy here.
