Hogs Higher on Turnaround Tuesday for Some
Lean hogs are trading with 20 to 55 cent gains on Tuesday. USDA’s National Average Base Hog negotiated price was reported at $86.14 in this morning’s report up 43 cents from yesterday afternoon’s print. The CME Lean Hog Index was another 17 cents higher at $90.73 on April 12.
USDA’s National Pork Carcass Cutout Value was sharply lower in the Tuesday AM report, down $4.44 at $99.16. The belly led the way lower, with a drop of $23.77. USDA estimated Monday’s federally inspected hog slaughter at 488,000 head. That is 12,000 head above last Monday and a 12,056 head increase from the same week last year.
May 24 Hogs are at $94.650, up $0.325,
Jun 24 Hogs are at $102.950, up $0.500
Jul 24 Hogs is at $104.050, up $0.300,
On the date of publication, Alan Brugler 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.