Hogs Rallying through Wednesday

Brown and white piglet

Midday hog futures are up $0.80 to $1.35 and are trading near their session highs. USDA’s National Average Base Hog price was $85.59 on Wednesday morning. The CME Lean Hog Index was 18 cents stronger on 3/29 to $84.78. 

USDA’s National Pork Carcass Cutout Value was back down by $1.51, on weaker rib primals, to $95.62. USDA estimated FI hog slaughter at 489k head for Tuesday, for a weekly total of 847,000 head. That compares to 967k head last week and to 970k head during the same week last year. 

April 24 Hogs  are at $86.550, down $0.400,

May 24 Hogs  are at $93.675, down $0.075

Jun 24 Hogs  are at $103.725, up $0.225,

On the date of publication, Alan Brugler 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.