Hogs Close with Gains on Monday
Lean hog futures closed out the Monday session with contracts up 70 to 95 cents. USDA’s national average base hog negotiated price was reported at $88.90 on Monday afternoon, a penny above the previous day. The CME Lean Hog Index was down another 28 cents from the previous day on March 5 at $89.90.
USDA’s FOB plant pork cutout from Monday afternoon was 14 cents lower to $98.22 per cwt. The loin, rib, and belly were the primals reported lower. USDA estimated the Monday Federally inspected hog slaughter at 487,000 head. That is 2,000 head above last Monday and 29,835 head larger than the same week last year.
Apr 25 Hogs closed at $88.300, up $0.950,
May 25 Hogs closed at $91.475, up $0.875
Jun 25 Hogs closed at $98.825, up $0.725,
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.