Lean hog futures posted features of 32 to 75 cents throughout the entrance months on Friday, with October up $3.825 this week. USDA’s nationwide base hog report confirmed negotiated costs at $104.91, down $3.28 from the day prior. The CME Lean Hog Index was down 20 cents on August 27 at $106.43. The market can be closed on Monday because of the Labor Day vacation, with a standard open for the Tuesday session.
The Friday afternoon Dedication of Merchants report confirmed speculators including 8,274 contracts to their internet lengthy place and lean hog futures and choices as of Tuesday. By August twenty sixth, that internet lengthy was 114,042 contracts.
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USDA’s FOB plant pork cutout report from Friday morning was up $2.83 at $114.32 per cwt. The butt was the one primal reported decrease. USDA estimated hog slaughter for the weekly whole at 2.391 million head. That was 19,000 head under final week and down 36,648 head from the identical week final yr.
Oct 25 Hogs closed at $95.025, up $0.750,
Dec 25 Hogs closed at $87.400, up $0.425
Feb 26 Hogs closed at $89.625, up $0.325,
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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