Lean hog futures had been weaker on Friday contracts regular to 40 cents within the purple on the shut, October was down $1.975 this week. USDA’s nationwide base hog value from Friday afternoon was up 7 cents from the day prior at $96.40. The CME Lean Hog Index was down one other 62 cents on October 8 at $100.08.
USDA’s FOB plant report from Friday afternoon confirmed the pork cutout up $1.78 at $104.42 per cwt. The stomach was the one primal reported decrease, with the butt up $7.47. USDA estimated federally inspected hog slaughter over the course of the week at 2.577 million head. That’s down 25,000 head from final week and 6,066 head under than the identical week final 12 months.
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Oct 25 Hogs closed at $97.000, unch,,
Dec 25 Hogs closed at $84.025, down $0.325
Feb 26 Hogs closed at $86.300, down $0.375,
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
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