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Hogs Mixed on Wednesday
Lean hog futures are showing mixed action at midday with front months within 15 cents of unchanged. USDA’s national base hog price from Wednesday morning was reported at $98.06. The CME Lean Hog Index was down another 60 cents on October 6 at $101.42. USDA’s FOB plant report showed the pork cutout down 77 cents on Wednesday morning at $105.26 per cwt. The ham, loin, and butt primals were reported lower. USDA estimated federally inspected hog slaughter at 488,000 head for Tuesday, taking the week’s total to 979,000 head. That is 13,000 head above last week and 21,672 head larger than the same week last year. Oct 25 Hogs are at $97.925, up $0.075, Dec 25 Hogs are at $86.325, up $0.150 Feb 26 Hogs is at $88.125, down $0.150, 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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