Hogs Selling Ahead of Hogs & Pigs Report | U.S. Finance News
Lean hog futures are trading with losses of 65 cents to $1.60 within the nearbys on Thursday. The USDA national average base hog negotiated price was up 95 cents at $88.49 within the Thursday AM report. The CME Lean Hog Index for March 25 was up 23 cents from the day past at $89.13.Pork export business was tallied at 31,947 MT within the week ending on March 20, a 3-week high. Mexico was the highest purchaser of 14,400 MT, with 3,700 MT offered to Columbia. Shipments have been reported at a 5-week high of 31,639 MT. Of that whole, 11,900 MT was headed to Mexico, with 4,100 MT every to South Korea and Japan.
Commodity Bulletin: From crude oil to espresso, this FREE publication is for industry execs and rookies alike Hogs & Pigs information might be launched this afternoon, with merchants surveyed by Reuters on the lookout for all stock as of March 1 at 75.587 million head, up 1.2% from final 12 months. That is extensively anticipated to be by way of the advertising and marketing quantity, seen up 1.1% to 69.431 million head, with breeding hogs up 0.2% at 6.028 million head.Thursday morning’s FOB plant pork cutout from USDA was down 14 cents at $95.51 per cwt. The butt, picnic and stomach have been all reported decrease. USDA estimated Wednesday’s Federally inspected hog slaughter at 487,000 head, taking the weekly whole to 1.45 million head. That is up 117,000 head from final week after and 236 head under the identical week final 12 months. Apr 25 Hogs are at $86.900, down $0.650,May 25 Hogs are at $88.250, down $1.275
Jun 25 Hogs is at $94.950, down $1.600,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. For more data please view the Barchart Disclosure Policy
right here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
Stay up to date with the latest news within the US markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on home trade. We present day by day updates to make sure you have entry to the freshest data on stock market actions, commodity costs, currency fluctuations, and main financial bulletins.
Explore how these trends are shaping the longer term of the US financial system! Visit us often for probably the most partaking and informative market content material by clicking right here. Our fastidiously curated articles will keep you knowledgeable on market shifts, investment methods, regulatory modifications, and pivotal moments within the US financial panorama.
