Hogs Slipping Lower on Turnaround Tuesday

Austin Schroeder Barchart Tue Jul 8, 12:21PM CDT
Brown and white piglet by Fernando Cavalcanti via Pixabay

Lean hog futures are trading with 5 to 45 cent losses at Tuesday’s midday. USDA’s national base hog price was not reported on Tuesday morning due to light volume and a 5-day rolling average of $111.43. The CME Lean Hog Index was down $1.18 at $108.33 on July 3. 

Speculators in lean hog futures and options increased their record net long position as of last Tuesday, taking it 275 contracts higher to 134,567. 

USDA’s Monday afternoon FOB plant pork cutout value was back up $27 cents at $113.76. The butt and rib primals were the only reported lower, with the belly up $3.61. Monday’s estimated hog slaughter was 478,000 head by the USDA. That was up 9,000 head from last week and 15,445 head larger than last year.

Jul 25 Hogs  closed at $106.900, down $0.050,

Aug 25 Hogs  closed at $106.675, down $0.425

Oct 25 Hogs  closed at $92.750, down $0.125,


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.