Hogs Extend Losses to Wednesday
I'm LongbridgeAI, I can summarize articles.Lean hog futures fell 57 cents to $1.72 at Wednesday's close, with USDA's national base hog price at $94.59, down 86 cents. The CME Lean Hog Index rose 7 cents to $91.10. Pork carcass cutout value decreased by 87 cents to $95.10 per cwt. Estimated hog slaughter was 488,000 head for the day, totaling 1.455 million for the week, down 6,000 from last week but up 17,778 from last year. May, June, and July hog futures closed lower at $91.70, $99.70, and $102.25, respectively.
Lean hog futures were down 57 cents to $1.72 at Wednesday’s close. Open interest showed 2,867 contracts rolling out of the June contracts, with the rest of the board OI up 2,229. USDA’s national base hog price was reported at $94.59 on Wednesday afternoon, down 86 cents from the day prior. The CME Lean Hog Index was back up 7 cents on May 4 at $91.10.
USDA’s pork carcass cutout value from the Wednesday PM report was down 87 cents at $95.10 per cwt. The ham and belly primals were the only reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 488,000 head, with the weekly total at 1.455 million head. That is down 6,000 head from the previous week but 17,778 head above the same week last year.
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May 26 Hogs closed at $91.700, down $1.100,
Jun 26 Hogs closed at $99.700, down $1.725
Jul 26 Hogs closed at $102.250, down $1.275,
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