Hog Collapse Continues to Tuesday, as Cash Continues Search for a Bottom

Lean hog futures are falling $2.25 to $2.77 at midday. USDA’s national base hog price was reported at $61.82 in the Tuesday morning report, down $4.36 from the day prior. The CME Lean Hog Index was down another $1.10 on October 23 at $70.06.

USDA’s pork carcass cutout value was down 99 cents in the Tuesday AM report, at $72.81. The loin, butt, and belly primals were only reported lower. Federally inspected hog slaughter for Monday was estimated 496,000 head. That was 20,000 head above last Monday and 5,812 head above of the same week last year.

Dec 26 Hogs  are at $61.900, down $2.775,

Feb 27 Hogs  are at $64.775, down $2.250

Apr 27 Hogs are at $69.900, down $2.350,

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.