Lean hog futures closed out Friday with losses of fifty cents to $1.65, as August was down $1.42 this week. USDA’s nationwide base hog worth was reported at $106.59 on Friday afternoon, dropping $5.74 from the day prior. The CME Lean Hog Index was up a dime at $107.14 on July 9.
CFTC knowledge confirmed the big managed cash speculators in lean hog futures and choices trimming 2,788 contracts from their web lengthy place as of Tuesday. They took that web place to 131,799 contracts as of July 8.
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Pork manufacturing out of the US was raised by 45 million lbs for the 2025 projection from the World Ag Outlook Board, to twenty-eight.041 billion lbs. That got here by way of a rise to the final half of the yr. Estimates for the 2026 manufacturing have been up 110 million lbs to 24.48 billion lbs.
USDA’s FOB plant pork cutout worth from the Friday PM report was again down 68 cents at $113.47. The butt primal was up $9.04, with the rib and loin additionally greater. The remainder of the primals have been down, led by the stomach, $12.56 decrease. This week’s estimated hog slaughter was 2.371 million head in accordance with the USDA. That was properly above final week and 1,838 head above final yr.
Jul 25 Hogs closed at $106.725, down $0.525,
Aug 25 Hogs closed at $104.675, down $1.550
Oct 25 Hogs closed at $90.650, down $1.625,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
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