Lean hog futures are posting 25 to 50 cent losses across most contracts at midday. USDA’s national base hog price was not reported on Monday morning due to low volume. The CME Lean Hog Index was 32 cents higher on Feb 26 at $89.44.
CFTC data showed a total of 522 contracts added to the managed money net long position in lean hog futures and options at 116,983 contracts.
USDA’s pork carcass cutout value from the Monday AM report was up $1.86 at $99.63 per cwt. The ham primal was the only reported lower. USDA estimated federally inspected hog slaughter for last week at 2.516 million head. That is 23,000 head above last week and 9,170 head below the same week last year.
Apr 26 Hogs are at $95.275, down $0.450,
May 26 Hogs are at $99.875, down $0.250
Jun 26 Hogs are at $109.275, down $0.275,
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.
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