Midday hog futures sit 20 to 40 cents in the red, but are off session lows by 50-60 cents. USDA’s National Average Base Hog price was $44.20 on Wednesday morning, without comparison as Tuesday was withheld to protect confidentiality. The CME Lean Hog Index for 12/29 was $65.05, a decrease of 30c.
Pork chop futures are 1% to 2.3% weaker so far at midday. The National Pork Carcass Cutout Value was $2.33 weaker on Wednesday morning. for Tuesday was 34 cents stronger to $85.10. FI slaughter was 492k head for Tuesday, and none for the 1st. The week’s total was up from 451k last week and below the 508k head during the same week last year.
Feb 24 Hogs is at $65.175, down $0.150,
24 April Hogs is at $72.375, down $0.125
February 24 Pork is at $79,000, down $0.825,
As of 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 for informational purposes only. For more information, please see Barchart’s Disclosure Policy here.
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