Hogs Close in Red

Turnaround Tuesday lean hog trading left futures triple digits weaker through June contracts. April closed at $85.35 and May was $87.92 at the close. The CME Lean Hog Index was $80.70 on the 25th, up from $79.95. USDA’s National Average Afternoon Base Hog price was $2.28 higher in the PM update to $80.93.

Pork cutout futures were also triple digits weaker, led by a $1.60 drop to $100 flat in July contracts. USDA’s National Pork Carcass Cutout Value was $94.87 this afternoon, up $2.50 on stronger hams and loins. USDA estimates federally inspected hog slaughter at 497,000 head for Tuesday. WTD hog slaughter was 990,000 head after revising Monday’s kill back to 493k. Last year’s slaughter was 988k head through Tuesday.

--- provided by Brugler Marketing & Management

Lean Hog Prices by Barchart

Pork Cutout Prices by Barchart




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