Hogs Posting Mixed Trade
Lean hog futures are mixed on Friday, with nearbys up 10 to 50 cents and other contracts weaker. USDA’s national average base hog negotiated price was reported at $104.05 on Friday morning, down $1.14 from the day prior. The CME Lean Hog Index was up 84 cents on June 11, at $101.75.
USDA’s FOB plant pork cutout value from Friday morning was up $2.93 at $117.43. The butt was the only primal reported lower. Federally inspected hog slaughter for Thursday was estimated at 480,000 head, taking the weekly total to 1.920 million head. That is up 17,000 from last week and 34,524 head larger than the same week last year.
Jun 25 Hogs are at $103.750, up $0.100,
Jul 25 Hogs are at $109.375, up $0.475
Aug 25 Hogs is at $109.950, down $0.225,
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.