Hogs Look to Wednesday Trade Following Weaker Tuesday

Austin Schroeder Barchart Wed Sep 17, 7:34AM CDT
Piglets napping by Larry White via Pixabay

Lean hog futures closed out the Tuesday session with contracts 15 to 62 cents lower. USDA’s national base hog report from Tuesday afternoon was reported at $106.29, up 42 cents from the Monday PM report. The CME Lean Hog Index was unchanged on September 12 at $106.14.

USDA’s FOB plant pork cutout report from Tuesday morning saw prices down $1.79 at $112.28 per cwt. All primals were reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 488,000 head, taking the weekly total to 978,000 head. That is 8,000 head larger than last week and 26,610 head above the same week last year.

Oct 25 Hogs  closed at $97.375, down $0.150,

Dec 25 Hogs  closed at $88.225, down $0.625

Feb 26 Hogs  closed at $90.200, down $0.250,


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.