Hogs Start the Week on a Lower Note

Lean hog futures posted 40 to 95 cent losses across most contracts on Monday. USDA’s national base hog price from Monday afternoon was reported at $85.29, down 27 cents from the day prior. The CME Lean Hog Index was down another 68 cents on October 22 at $92.95. 

USDA’s pork carcass cutout value from the Monday afternoon report was back down $1.66 to $101.08 per cwt. The picnic and rib were the only primals reported higher. USDA estimated federally inspected hog slaughter for Monday at 493,000 head. That is u 1,000 head from last week and 5,000 head above the same week last year.

Dec 25 Hogs  closed at $81.500, down $0.400,

Feb 26 Hogs  closed at $83.400, down $0.900

Apr 26 Hogs  closed at $88.000, down $0.950,

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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