Hog Weak spot Continues on Friday | U.S. Finance Information
Lean hog futures are trading with contracts down 12 to 52 cents to date on Friday. USDA’s national average base hog negotiated price was reported at $90.21 on Friday morning, down 2 cents from the day prior. The CME Lean Hog Index was back down 10 cents from the day gone by on February 26 at $89.39.
President Trump’s 25% tariffs on Mexico and Canada are nonetheless set for a March 4 begin date after some back and forth this week.
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USDA’s reported the Friday afternoon FOB plant pork cutout worth down $1.94 at $99.02 per cwt. The stomach flip flop continues, back down $20.62, with the butt the one different primal reported decrease. USDA reported the Thursday Federally inspected hog slaughter estimated at 489,000 head, taking the week thus far complete to 1.958 million head. That’s 28,000 head above final week and a pair of,100 head above the identical week final yr.
Apr 25 Hogs are at $84.250, down $0.125,
Could 25 Hogs are at $88.600, down $0.150
Jun 25 Hogs is at $97.075, down $0.525,
On the date of publication,
Austin Schroeder
didn’t have (both straight 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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