Hogs Look to Wednesday Following Mixed Tuesday Trade

Lean hog futures saw mixed Tuesday trade, as contracts were up 35 cents to down $1.02 in other nearbys. Open interest was down 3,802 contracts on Tuesday. USDA’s national base hog price was reported at $39.84 in the Tuesday afternoon report, down $4.88 from the day prior. The CME Lean Hog Index was down $1.29 on November 6 at $60.28.

USDA’s pork carcass cutout value was down $1.29 in the Tuesday PM report, at $69.52. The loin butt, and belly were the primals reported lower. Federally inspected hog slaughter Tuesday was estimated at 495,000 head, taking the weekly total to 991,000 head. That was 13,000 head above last week and 43,029 head larger than the same week last year.

Dec 26 Hogs  closed at $55.800, down $0.075,

Feb 27 Hogs  closed at $60.750, down $0.075

Apr 27 Hogs  closed at $66.900, up $0.075,

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.