⛏Lean Hog Futures
LEANHOG
▲ PositiveSupplyrelevance
Hog futures rose on higher cash prices, cutout values, and slaughter volumes indicating tighter supply.
Impact on assets 1
Others
Lean hog futures posted gains of 45 cents to $1.20 in most contracts on Tuesday. The national average base hog negotiated price was reported at $80.14, up $1.00 from the day prior, while the CME Lean Hog Index reached $80.76 on January 10, up 33 cents. USDA’s FOB plant pork cutout value edged a penny higher to $90.21 per cwt, with the loin primal up $1.78. Federally inspected hog slaughter for Tuesday was 477,000 head, bringing the week-to-date total to 963,000 head, which is 29,000 head larger than last week and 143,121 head above the same week last year.
Hog futures rose on higher cash prices, cutout values, and slaughter volumes indicating tighter supply.