Lean hog futures closed the Tuesday session with contracts 75 cents to $1.25 higher. Open interest was up 2,208 contracts on Tuesday. USDA’s national base hog price was reported at $92.77 on Tuesday afternoon, up 82 cents from the day prior. 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 $2.22 at $99.10 per cwt. The rib primal was the only reported higher. USDA estimated Tuesday’s federally inspected hog slaughter at 495,000 head, taking the weekly total to 980,000 head. That is 21,000 head above last week and 6,039 head above the same week last year.
Apr 26 Hogs closed at $96.075, up $1.250,
May 26 Hogs closed at $101.350, up $0.975
Jun 26 Hogs closed at $110.650, up $0.750,
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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