Hog Futures Closed Tuesday Mixed
Lean hogs were off their highs by the Tuesday close, ending the day 7 to 40 cents weaker in the spring contracts but 7 to 22 cents stronger in the summer months. April hogs were 80 cents off their high for the close. USDA’s National Average Afternoon Base Hog price increased by $4.55 to $84.71 on Tuesday. The CME Lean Hog Index was 18 cents stronger on 3/29 to $84.78.
USDA’s National Pork Carcass Cutout Value firmed up another 52 cents to $97.13 on Tuesday. USDA estimated FI hog slaughter at 489k head for Tuesday, for a weekly total of 847,000 head. That compares to 967k head last week and to 970k head during the same week last year.
April 24 Hogs are at $86.550, down $0.400,
May 24 Hogs are at $93.675, down $0.075
Jun 24 Hogs are at $103.725, up $0.225,
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.