Hogs Ease Lower on Wednesday

Austin Schroeder Barchart Wed Oct 8, 5:02PM CDT
Black and brown pig in green pasture by LUNAMARINA via iStock

Lean hog futures ended the Thursday session with contracts down 7 to 22 cents in the nearbys. USDA’s national base hog price from the Wednesday PM report was back up 42 cents at $99.05. 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 $2.21 on Wednesday afternoon at $103.82 per cwt. All primals were reported lower, with the butt leading the charge down $7.55. USDA estimated federally inspected hog slaughter at 489,000 head for Wednesday, taking the week’s total to 1.46 million head. That is 11,000 head above last week and 17,545 head larger than the same week last year.

Oct 25 Hogs  closed at $97.625, down $0.225,

Dec 25 Hogs  closed at $86.100, down $0.075

Feb 26 Hogs  closed 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.