Hogs Rally on Monday
Lean hog futures closed out the Monday session with contracts up 82 cents to $1.10. USDA’s national base hog price was not reported on Monday afternoon due to light volume. The CME Lean Hog Index was down 11 cents at $110.26 on July 31.
USDA’s FOB plant pork cutout report from Monday PM was back up 85 cents at $117.79 per cwt. The butt and loin primals were the only reported lower, with the ham leading the charge higher, up $5.18. USDA estimated hog slaughter at 425,000 head for Monday. That was 17,000 head below last week but up 15,789 head from the same week last year.
Aug 25 Hogs closed at $108.175, up $0.825,
Oct 25 Hogs closed at $90.900, up $0.850
Dec 25 Hogs closed at $83.450, up $1.100,
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.
