Lean hog futures closed out the last session of 2024 with contracts down 22 to 72 cents. The national average base hog negotiated price was reported at $80.08 on Tuesday afternoon, up $1.27 from the day prior. The CME Lean Hog Index was reported at $84.35 on December 27, down 50 cents from the previous day. The market will be closed on Wednesday for New Years Day.
USDA’s FOB plant pork cutout value was $4.02 lower in the Tuesday PM report at $90.30 per cwt. The rib primal was the only reported higher, with the rest of the primals heading lower led by the picnic, down $9.13. Federally inspected hog slaughter was estimated at 411,000 for Tuesday, bringing the weekly total to 892,000 head. That was up 231,000 head from last week and well above the same time last year.
Feb 25 Hogs closed at $81.300, down $0.325,
Apr 25 Hogs closed at $86.575, down $0.475
May 25 Hogs closed at $90.975, down $0.400,
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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