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Hogs Showing Midday Gains
Lean hog futures are trading with 40 to 60 cent gains on Thursday’s midday. The national average base hog negotiated price was not reported on Thursday morning, with the 5-day rolling average at $79.59. The CME Lean Hog Index was reported at $84.27 on December 30, down 8 cents from the previous day. USDA’s FOB plant pork cutout value was back $2.17 higher in the Thursday AM report at $92.47 per cwt. The ham primal was the only reported lower, with the rest of the primals heading higher led by the loin, up $5.17. Federally inspected hog slaughter was estimated at 411,000 for Tuesday, bringing the weekly total to 892,000 head. That was up 231,000 head from last week and well above the same time last year. Feb 25 Hogs are at $81.700, up $0.400, Apr 25 Hogs are at $87.025, up $0.450 May 25 Hogs is at $91.575, up $0.600, 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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