Lean hog futures ended Thursday’s session down 7 to 22 cents in nearby contracts. The USDA national base hog price rose 42 cents to $99.05, according to the Wednesday PM report. The CME Lean Hog Index was down 60 cents at $101.42 on Oct. 6.
The USDA’s FOB Plant report Wednesday afternoon showed pork cutouts down $2.21 at $103.82 per cwt. All Primals were understated, reducing the charge by $7.55 due to butt. The USDA estimated that 489,000 pig slaughters were inspected at the federal level on Wednesday, bringing the week’s total to 1.46 million. This is an increase of 11,000 head from the previous week and 17,545 head more than the same week last year.
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25 October Hogs closed at $97.625, down $0.225,
December 25th Hogs closed at $0.075 down at $86.100
26 February Hogs closed at $88.125, down $0.150,
On the date of publication, Austin Schroeder did not have (directly or indirectly) any positions in any securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy here for more information.
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