Hog Losses Extend to Monday as Cash Falls

Lean hog futures posted losses of 40 to 90 cents on Monday. USDA’s national base hog price was reported at $59.46 in the Monday afternoon report, down $7.94 from the day prior. The CME Lean Hog Index was down another 99 cents on October 21 at $71.16.

USDA’s pork carcass cutout value was back down 29 cents in the Monday PM report, at $73.80. The picnic, ham, and belly primals were only reported lower. Federally inspected hog slaughter for Monday was estimated 496,000 head. That was 20,000 head above last Monday and 5,812 head above of the same week last year.

Dec 26 Hogs  closed at $64.675, down $0.900,

Feb 27 Hogs  closed at $67.025, down $0.600

Apr 27 Hogs  closed at $72.250, down $0.425,

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.