Hogs Close Mixed on Wednesday

Lean hog futures were mixed, with front months down 75 cents to $3.42 and other contracts up 30 cents to $2.22. USDA’s national base hog price was reported at $56.56 in the Wednesday PM report, down $1.38 from the day prior. The CME Lean Hog Index was down another 70 cents on October 26 at $69.36.

USDA’s pork carcass cutout value was down 64 cents in the Wednesday afternoon report, at $72.46. The loin and belly primals were the only reported lower. Federally inspected hog slaughter for Wednesday was estimated 490,000 head, with the week to date total at 1.467 million head. That was 13,000 head above last week after a 12,000 head lower revision to Monday and 7,465 head above of the same week last year.

Dec 26 Hogs  closed at $58.600, down $3.425,

Feb 27 Hogs  closed at $64.175, down $0.750

Apr 27 Hogs  closed at $70.625, up $0.300,

On the date of publication, Austin Schroeder did not directly have a position 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.