Hogs Mixed on Tuesday

Lean hog futures are down 7 cents to $1 in the front months on Tuesday, with other contracts up 7 to 60 cents. The CME Lean Hog Index was down 71 cents at $90.73 on June 14. Seasonal strength has been muted this spring. The USDA National Base Hog price reported at $89.90 on Tuesday morning.

USDA’s Pork Cutout Value was slightly higher in the Tuesday AM print, up just 4 cents to $98.98. The loin and picnic primals were quoted lower, with the belly leading things higher, up $2.52. USDA estimated Monday’s FI hog slaughter at 459,000 head. That is down 4,000 head from a week ago but up 2,307 head from the same Monday a year ago.

Jul 24 Hogs are at $94.425, down $0.950,

Aug 24 Hogs are at $91.450, down $0.425

Oct 24 Hogs is at $78.150, down $0.075,

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.

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