Hogs Falling On Tuesday

Lean hog futures are trading with most contracts down 50 cents to $1 in the front months. October, which expires on Wednesday, is steady. USDA’s national base hog price was reported at $71.36 on Tuesday morning.  The CME Lean Hog Index was down another $1.10 on October 9 at $76.51.

USDA’s pork carcass cutout value was up just 8 cents in the Tuesday AM report, at $83.05. The picnic, ham, and loin were the only primals reported lower. Federally inspected hog slaughter for Monday was estimated at 498,000 head. That was 5,000 head above last Monday and 18,030 head larger than the same week last year.

Oct 26 Hogs  are at $75.600, unch

Dec 26 Hogs  are at $67.800, down $0.575

Feb 27 Hogs are at $69.300, down $1.000,

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.