Hogs Slide Lower Continues on Friday

Lean hog futures are trading with 15 to 55 cent losses on Friday. USDA’s national base hog price from Friday morning was reported $96.91. The CME Lean Hog Index was down another 62 cents on October 8 at $100.08.

USDA’s FOB plant report from Friday morning showed the pork cutout up 85 cents at $103.49 per cwt. The belly was the only primal reported lower, with the butt up $4.35. USDA estimated federally inspected hog slaughter at 491,000 head for Thursday, taking the week’s total to 1.946 million head. That is 7,000 head above last week and 19,617 head larger than the same week last year.Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

Oct 25 Hogs are at $96.850, down $0.150,

Dec 25 Hogs are at $84.025, down $0.325

Feb 26 Hogs is at $86.150, down $0.525, 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.

More news from Barchart

How Much Lower Will Lean Hog Prices Go? 1 Trade to Make Here.The Pigs Are Going Out to Pasture, So Sell Lean Hog Futures HereBye Bye BLTs: How Much Lower Can Hogs Go as Peak Grilling Season Ends?Lean Hog Futures Are Heating Back Up. Can They Rally Here?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.