Lean hog futures settled Thursday with contracts down 27 to a nickel greater. Preliminary open curiosity was up 2,163 contracts. USDA’s nationwide common base hog negotiated value was reported at $105.95 on Thursday afternoon, down $1.38 from the day prior. The CME Lean Hog Index was up 94 cents on June 10, at $100.91.
Pork export gross sales totaled simply 9,739 MT within the week ending on June 5. That was the second lowest for the advertising and marketing yr. The biggest purchaser was Japan at 3,600 MT, with Canada in for 1,900 MT, and Mexico displaying web reductions of 1,200 MT. Export shipments had been a 15-week excessive at 33,761 MT. Of that complete, 12,800 MT was headed to Mexico, with 5,100 MT to Japan.
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USDA’s FOB plant pork cutout worth from Thursday morning was up $1.42 at $114.50. The picnic was the one primal reported decrease. Federally inspected hog slaughter for Thursday was estimated at 480,000 head, taking the weekly complete to 1.920 million head. That’s up 17,000 from final week and 34,524 head bigger than the identical week final yr.
Jun 25 Hogs closed at $103.650, up $0.275,
Jul 25 Hogs closed at $108.900, up $0.050
Aug 25 Hogs closed at $110.175, down $0.025,
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 data and knowledge on this article is solely for informational functions.
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