Lean hog futures were down 35 cents to $1 on Tuesday. October, which expires on Wednesday, was steady. USDA’s national base hog price was reported at $70.26 on Tuesday afternoon, down 76 cents from the day prior.  The CME Lean Hog Index was down another $1.10 on October 9 at $76.51.

USDA’s pork carcass cutout value was down $2.29 in the Tuesday PM report, at $80.68. The rib and belly were the only primals reported higher. Federally inspected hog slaughter for Tuesday was estimated at 496,000 head, with the weekly total at 981,000 head after a revision for Monday. That was 6,000 head below last week and 8,602 head larger than the same week last year.

Oct 26 Hogs  closed at $75.600, up $0.000,

Dec 26 Hogs  closed at $68.025, down $0.350

Feb 27 Hogs  closed at $69.600, down $0.700,

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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