Lean hog futures slipped 42 cents to $1.70 within the crimson on Monday. The USDA nationwide common base hog negotiated value was reported at $90.29 on Monday afternoon, $1.89 above the day prior. The CME Lean Hog Index for March 20 was again down 32 cents from yesterday at $88.88.
The Monday afternoon FOB plant pork cutout from USDA was up 51 cents at $97.37 per cwt. The ham was the one primal reported decrease, with the rib main the way in which increased, up $4.58. USDA estimated Monday’s Federally inspected hog slaughter at 488,000 head. That’s up 1,000 from final Monday and 4,650 head above the identical Monday final 12 months.
Commodity Bulletin: From crude oil to espresso, this FREE publication is for business execs and rookies alike
Apr 25 Hogs closed at $85.700, down $0.425,
Could 25 Hogs closed at $88.550, down $1.100
Jun 25 Hogs closed at $95.800, down $1.675,
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. For extra info please view the Barchart Disclosure Coverage
right here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
