Supply: Barchart
Hogs closed with losses of two to 75 cents on Wednesday. USDA’s Nationwide Moderate Base Hog value for Wednesday afternoon used to be $1.72 weaker to $93.45. The CME Lean Hog Index used to be 64 cents decrease to $101.93 on August 14.
Beef cutout futures have been down a tick within the within reach October contract. The Nationwide Beef Carcass Cutout Price for Wednesday afternoon used to be $1.36 decrease to $107.27. Many of the primals have been decrease, with simply the butt appearing a acquire of $0.36. USDA estimated Wednesday’s FI hog slaughter at 471,000 head, for a weekly general of one.408 million head. That compares to at least one.35 million remaining week and 1.405 million right through the similar week remaining yr.
Oct 23 Hogs closed at $78.175, down $0.025,
Dec 23 Hogs closed at $71.175, down $0.075