Hogs Mixed at Midday
Lean hog futures are mixed so far on Friday, with contracts up a dime to 35 cents to lower movement on the winter months. Preliminary open interest was up 2,799 contracts on Thursday. USDA’s national base hog price was reported at $106.63 on Friday morning, slipping 85 cents from the day prior. The CME Lean Hog Index was up 50 cents at $110.10 on August 6.
USDA’s FOB plant pork cutout report from Friday AM was up $1.48 at $117.81 per cwt. The ham was reported weaker, with the rest higher. USDA estimated hog slaughter at 465,000 head for Thursday, taking the week’s total to 1.837 million head. That was 7,000 head below last week and up 2,427 head from the same week last year.
Aug 25 Hogs are at $109.125, up $0.350,
Oct 25 Hogs are at $91.025, up $0.100
Dec 25 Hogs is at $83.750, down $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.