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Hogs Faded on Tuesday
Lean hogs fell by 10 cents to 52 on the second trade day of the week. USDA’s National Average Base Hog price increased by $1.79 to $72.70. The CME Lean Hog Index was $79.46 which was 6 cents stronger for 2/23.
The Pork Carcass Cutout Value was 88 cents stronger on Tuesday afternoon to $91.87. USDA estimated the FI hog slaughter at 491k head for Tuesday, which set the week’s total 492k head. That is up from 490k head last week and compared to 483.5k during the same Monday last year.
Apr 24 Hogs closed at $85.900, down $0.375,
May 24 Hogs closed at $90.375, down $0.375
Apr 24 Pork Cutout closed at $93.300, down $0.000,
On the date of publication, Alan Brugler 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.