Lean hog futures are trading with contracts up $1.47 to $2.60 so far on Monday. The national average base hog negotiated price was reported at $77.62 on Monday morning, down 36 cents from the day prior. The CME Lean Hog Index was reported at $80.43 on January 9, down 16 cents from the previous day.
USDA’s FOB plant pork cutout value was $1.47 higher in the Monday AM report at $92.83 per cwt. The butt and belly primals were both reported lower, with the rest showing gains led by the ham and rib. Federally inspected hog slaughter for last week was 2.551 million head through Saturday. That was 285,000 head larger than last week and 379,871 head above the same week last year.
Feb 25 Hogs are at $83.250, up $1.475,
Apr 25 Hogs are at $89.750, up $2.400
May 25 Hogs is at $94.625, up $2.600,
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.
