Lean hog futures rounded out the Wednesday commerce with contracts down a nickel to 50 cents. USDA’s nationwide base hog value from Wednesday afternoon was reported at $85.53, down $2.50 from the day prior. The CME Lean Hog Index was down one other 24 cents on October 27 at $92.03.
USDA’s pork carcass cutout worth from the Wednesday PM report was up 22 cents to $100.24 per cwt. The loin, rib, and ham had been the primals reported decrease. USDA estimated federally inspected hog slaughter for Wednesday at 492,000 head, taking the weekly whole to 1.471 million head after a revision from Tuesday. That’s down 1,000 head from final week however 5,771 head above the identical week final 12 months.
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Dec 25 Hogs closed at $80.775, down $0.050,
Feb 26 Hogs closed at $82.325, down $0.125
Apr 26 Hogs closed at $86.550, down $0.325,
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 information on this article is solely for informational functions.
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