Hogs Mixed on Thursday
Lean hog futures are trading mixed so far on Thursday, with contracts up 12 cents to 35 cents lower at midday. The national average base hog negotiated price was reported at $79.10 on Thursday morning. The CME Lean Hog Index was reported at $84.35 on December 19, up 14 cents from the previous day.
USDA’s FOB plant pork cutout value was $1.31 higher in the Thursday morning report at $95.93 per cwt. The picnic and belly primals were reported lower, with the rest up $1.72 to $3.78.
Feb 25 Hogs are at $84.375, unch,,
Apr 25 Hogs are at $89.300, up $0.125
May 25 Hogs is at $92.900, down $0.350,
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.