Hogs are holding UNCH to 25 cents in the red for the midday prints. The April contract has traded from -30 to +60 cents so far for the day. Hog futures had ended the Tuesday session with 15 to 45 cent gains, though the April contract was $1.10 under the session high for the closing bell. USDA’s National Average Base Hog price was listed at $72.48 for Wednesday morning, with no comparison to yesterday. The CME Lean Hog Index increased by 46 cents to $75.75 for 2/16.
USDA’s National Pork Carcass Cutout Value was shown at $90.99 on Wednesday morning, another $1.45 weaker. USDA reported Tuesday’s FI hog slaughter at 490k head. That’s up from 486k head last week and from 482k head during the day last year. The week-to-date total reached 980k head after President’s Day.
April 24 Hogs are at $85.650, down $0.025,
May 24 Hogs are at $88.850, down $0.150
April 24 Pork Cutout is at $91.500, unch,,
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