Lean hog futures are mixed on Wednesday, with front month April up 32 cents and other nearbys down 10 to 30 cents. USDA’s national base hog price was reported at $90.19 on Wednesday morning, down 18 cents from the day prior. The CME Lean Hog Index was down another 28 cents on March 30 at $90.48.
USDA’s pork carcass cutout value from the Tuesday PM report was up 75 cents at $97.00 per cwt. The butt and belly primals were the only reported lower. USDA estimated Tuesday’s federally inspected hog slaughter at 495,000 head, with the week to date total at 986,000. That is 1,000 head below last week and 38,200 head larger than the same week last year.
Apr 26 Hogs are at $90.750, up $0.325,
May 26 Hogs are at $96.225, down $0.300
Jun 26 Hogs are at $104.950, down $0.100,
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.
