Lean hog futures are exhibiting some shopping for on Friday, with noon positive factors of 35 to 65 cents. USDA’s nationwide base hog value within the Friday morning report noticed motion down $1.03 from the day previous to $98.74. The CME Lean Hog Index was down one other 56 cents on October 1 at $103.70.
USDA’s FOB plant pork cutout report from the Friday AM report was $2.05 increased at $109.40 per cwt. The butt and rib primals have been the one reported decrease. USDA estimated federally inspected hog slaughter at 490,000 head for Thursday, with the week so far complete at 1.939 million. That’s 5,000 head above final week however 3,558 head beneath the identical week final 12 months.
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Oct 25 Hogs are at $99.025, up $0.350,
Dec 25 Hogs are at $87.325, up $0.650
Feb 26 Hogs is at $89.075, up $0.625,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions.
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