Hogs Mixed at Midday
Lean hog futures are mixed at midday on Tuesday with contracts within 65 cents of unchanged. July expires today. USDA’s national base hog price was reported at $110.36 on Tuesday morning. The CME Lean Hog Index was back up 15 cents at $107.25 on July 11.
USDA’s FOB plant pork cutout value from Tuesday morning was 43 cents higher at $114.28. The butt and rim primals were reported lower, with the other 4 reported higher. Monday’s estimated hog slaughter was 477,000 head according to the USDA. That was 1,000 head below last Monday and 2,067 head above last year.
Jul 25 Hogs are at $106.900, up $0.200,
Aug 25 Hogs are at $103.775, up $0.550
Oct 25 Hogs is at $87.050, down $0.625,
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.