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Hogs Falling Lower on Tuesday

Hogs Falling Lower on Tuesday

Lean hog futures are down $1 to $1.50 so far on the Tuesday session. USDA’s national base hog price from Tuesday morning was reported at $84.07, up 66 cents from the day prior. The CME Lean Hog Index was down another 21 cents on October 30 at $90.98. 

USDA’s pork carcass cutout value from the Tuesday AM report was down $2.33 to $99.32 per cwt. The butt and rib were the only primals reported higher. USDA estimated federally inspected hog slaughter for Monday at 493,000 head. That is down even with last week and 4,974 head above the same week last year.

 

Dec 25 Hogs  are at $79.525, down $1.075,

Feb 26 Hogs  are at $80.825, down $1.375

Apr 26 Hogs  is at $85.075, down $1.025,

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.

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