Hogs Rebound on Wednesday | Nasdaq | U.S. Finance Information
Lean hog futures closed with features of $1 to $1.85 on the Wednesday session. USDA’s national average base hog negotiated price was reported at $89.86 on Wednesday afternoon, up $1.02 from the day prior. The CME Lean Hog Index was down one other 21 cents on February 24 at $89.47.
The Wednesday afternoon FOB plant pork cutout worth was back up $1.01 at $96.66 per cwt. The butt, rib, and ham have been the primals reported decrease, with the remaining greater led by the stomach, up $10.30. USDA reported Federally inspected hog slaughter for Wednesday was estimated at 490,000 head, taking the week so far complete to 1.469 million head. That’s 12,000 head above final week however down 1,325 head from the identical week final 12 months.
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Apr 25 Hogs closed at $88.300, up $1.725,
Could 25 Hogs closed at $92.450, up $1.850
Jun 25 Hogs closed at $100.875, up $1.775,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. For more info please view the Barchart Disclosure Coverage
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
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