Hogs Look to Tuesday Trade as Cash Remains Weak

Lean hog futures closed Monday with nearby December down 70 cents and other contracts up 12 cents to $1.42. Open interest rose 6,742 contracts, mainly in the February and April contracts. USDA’s national base hog price was reported at $50.01 in the Monday afternoon report, down $10.28 from the day prior. The CME Lean Hog Index was down 73 cents on October 29 at $66.57.

USDA’s pork carcass cutout value was up $2.18 in the Monday PM report, at $72.28. All primals were reported higher. Federally inspected hog slaughter for Monday was estimated at 492,000 head. That was 8,000 head above last week but 4,398 head shy of the same week last year.

Dec 26 Hogs  closed at $58.175, down $0.700,

Feb 27 Hogs  closed at $63.875, up $0.125

Apr 27 Hogs  closed at $69.650, up $0.150,

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.