Lean hog futures ended the Thursday session with contracts anywhere from 32 cents lower to 30 cents higher. The national average base hog negotiated price was reported at $79.00 on Thursday afternoon, down 48 cents from the day prior. The CME Lean Hog Index was reported at $84.75 on December 20, up 40 cents from the previous day.
USDA’s FOB plant pork cutout value was $1.07 higher in the Thursday PM report at $95.69 per cwt. The picnic and belly primals were reported lower, with the rest up in a range of $1.78 to $2.36. Federally inspected hog slaughter was estimated at 490,000 head on Thursday, bringing the week to date total to 1.151 million head. That is down 271,951 head from same week in 2023.
Feb 25 Hogs closed at $84.200, down $0.175,
Apr 25 Hogs closed at $89.250, up $0.075
May 25 Hogs closed at $93.300, up $0.050,
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 Barchart- Where are Animal Protein Prices Heading as the Offseason for Demand Approaches?
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