Lean hog futures are trading with contracts anywhere from 57 cents higher to 67 cents lower in the nearbys. The national average base hog negotiated price was reported at $84.03 on Friday morning. The CME Lean Hog Index was reported at $83.06 on January 29, up 47 cents from the previous day.
President Trump is planning to stick with the 25% tariff on Canada and Mexico, though the date has been pushed back to March 1 according to reports this morning. Details are being reviewed, with some exemptions in play.
USDA’s FOB plant pork cutout value was $2.69 higher in the Friday AM report at $95.93 per cwt. The loin primal was the only reported lower, with the belly up $8.26. Federally inspected hog slaughter for Thursday was at 483,000 head, with the week to date total at 1.933 million head. That is 127,000 head above last week but down 21,311 head from the same week last year.
Feb 25 Hogs are at $84.950, up $0.575,
Apr 25 Hogs are at $91.250, down $0.675
May 25 Hogs is at $95.550, down $0.050,
On the date of publication,
Austin Schroeder
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.
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