Lean hog futures were 12 to 65 cents higher across most nearby contracts on Monday. Open interest was up 1,001 contracts. USDA’s national base hog price was reported at $70.04 on Monday afternoon, down $1.49 from the day prior. The CME Lean Hog Index was down 2 cents on December 4 at $81.81.
Export Sales data showed 30,745 MT of pork sold in the week ending on 11/6. Export Shipments were 31,750 MT, the largest since June.
USDA’s pork carcass cutout value from the Monday PM report was down 88 cents to $95.51 per cwt. The rib and loin primals were the only reported higher. USDA estimated federally inspected hog slaughter for Monday at 494,000 head. That was 12,000 head above last week and 8,352 head above the same week last year.
Dec 25 Hogs closed at $82.300, up $0.650,
Feb 26 Hogs closed at $82.400, up $0.125
Apr 26 Hogs closed at $86.975, up $0.200,
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.
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