Lean hog futures closed the Monday session with contracts down $2 to $2.52 on the day. The national average base hog negotiated price was reported at $78.81 on Monday afternoon, up $1.54 from the day prior. The CME Lean Hog Index was reported at $84.85 on December 26, down 25 cents from the previous day.
Commitment of Traders data tallied managed money spec funds trimming their net long in lean hog futures and options by 323 contracts to 121,965 contracts.
USDA’s FOB plant pork cutout value was 75 cents lower in the Monday PM report at $94.32 per cwt. The ham and belly primals were reported lower, down $7.01 and $2.95 respectively. Federally inspected hog slaughter was estimated at 490,000 for Monday. That was even with last Monday.
Feb 25 Hogs closed at $81.625, down $2.525,
Apr 25 Hogs closed at $87.050, down $2.475
May 25 Hogs closed at $91.375, down $2.250,
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. More news from BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
