Hogs Close Mixed on Thursday
Lean hog futures posted mixed trade on Thursday, with nearby Feb up 65 cents and other nearby contracts steady to 7 cents lower. The national average base hog negotiated price was reported at $82.25 on Thursday afternoon, up 99 cents from the day prior. The CME Lean Hog Index was reported at $81.72 on January 21, up 26 cents from the previous day.
USDA’s FOB plant pork cutout value was $1.60 higher in the Thursday PM report at $91.77 per cwt. Federally inspected hog slaughter for Thursday was at 472,000 head, with the week to date total at 1.82 head. That is 109,000 head below last week and down 109,778 head from the same week last year.
Feb 25 Hogs closed at $82.125, up $0.650,
Apr 25 Hogs closed at $87.200, down $0.075
May 25 Hogs closed at $92.000, unch,,
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.