Hogs Back to Mixed Midweek Action

Lean hog futures are mixed on Wednesday, with contracts down a dime to 52 cents higher. USDA’s national base hog price was reported at $84.58 on Wednesday morning, down $2.37 from the day prior. The CME Lean Hog Index was down another 61 cents on September 14 at $86.60.

USDA’s pork carcass cutout value was down $1.48 in the Wednesday AM report, at $88.98. The loin, picnic, and belly primals were reported higher. Federally inspected hog slaughter for Tuesday was estimated at 488,000 head, taking the weekly total to 970,000 head. That was 3,981 head below the same week last year.

Oct 26 Hogs  are at $78.975, down $0.100,

Dec 26 Hogs  are at $70.175, up $0.525

Feb 27 Hogs are at $71.925, up $0.025,

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.