Lean hog futures exhibited mixed results as of July 26, with July contracts down 22 cents, while other contracts rose between 15 and 35 points. The USDA’s national base hog price was not reported due to light trading. The CME Lean Hog Index decreased by 27 cents to $92.17.
USDA reported an increase in pork carcass cutout value by 21 cents, reaching $96.98 per cwt. Estimated federally inspected hog slaughter for the previous week stood at 2.371 million head, reflecting a decrease of 12,000 from the prior week but an increase of 28,688 compared to the same week last year.
Current futures prices include July Hogs at $94.800 (down $0.225), August Hogs at $97.050 (up $0.325), and October Hogs at $81.500 (up $0.175).
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
