Hogs Extending Weakness to Tuesday

Lean hog futures are posting 57 cent to $1.55 losses across the front months on Tuesday. USDA’s national base hog price was reported at $85.11 on Tuesday morning, down $1.28. The CME Lean Hog Index was down another 73 cents on September 11 at $87.21.

USDA’s pork carcass cutout value was down $1.02 in the Tuesday AM report, at $88.76. The ham was the only primal reported higher. Federally inspected hog slaughter for Monday was estimated at 492,000 head for Monday. That was 5,841 head above the same week last year.

Oct 26 Hogs  are at $79.025, down $0.575,

Dec 26 Hogs  are at $69.725, down $1.525

Feb 27 Hogs are at $72.050, down $1.550,

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.