Lean hogs are posting $1 to $2.32 gains on Friday, with soon to expire July up 15 cents.. The USDA National Base Hog price was reported at $83.73 on Friday morning, down $3.72 from the day prior. The CME Lean Hog Index was reported at $88.65 on July 10, back down 2 cents from the previous day.
USDA reported the Friday AM Pork Cutout Value $2.50 higher at $98.73. The rib primal was the only reported lower, with ham and belly primals leading the way higher, up $6.15 and 5.96 respectively. USDA estimated the Thursday FI hog slaughter at 475,000 head, with the weekly total at 1.890 head. That was well above last week and 44,920 larger than the same week last year.
Jul 24 Hogs are at $88.700, up $0.150,
Aug 24 Hogs are at $89.000, up $2.325
Oct 24 Hogs is at $70.875, up $1.475,
On the date of publication, Alan Brugler 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 Disclosure Policy here.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
