Hogs Collapse with Limit Losses on Friday | U.S. Finance News
Lean hog futures had been in freefall mode on Friday, as contracts had been down $3.45 to the $4 restrict, with April regular and held up by the index. Monday can have expanded limits of $6. The national average base hog negotiated price from USDA was down 27 cents from the day prior at $87.40 within the Friday PM report. CME’s Lean Hog Index from April 2 was down 8 cents from the day past at $88.72.In response to President Trump’s reciprocal tariffs, China issued a retaliatory tariff of 34% on all US items in a single day.
Commodity Bulletin: From crude oil to espresso, this FREE publication is for industry professionals and rookies alike Weekly Commitment of Traders information from CFTC confirmed a complete of 3.9603 contracts added back to the web long in lean hog futures and choices as of April 1. That took their web long to 55,326 contracts. The USDA pork cutout worth from Friday afternoon was up 96 cents after the noon surge, at $95.77 per cwt. The loin, butt, and rib primals had been reported decrease, with the stomach main the charge greater, up $7.73. USDA estimated this week’s Federally inspected hog slaughter at 2.52 million head. That is up 40,000 head from final week and 111,777 head above the identical week final 12 months.Apr 25 Hogs closed at $87.375, unch,,May 25 Hogs closed at $85.125, down $3.450
Jun 25 Hogs closed at $91.550, down $4.000,
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 info and information on this article is solely for informational functions. For more info 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 writer 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 each day updates to make sure you have entry to the freshest info on stock market actions, commodity costs, currency fluctuations, and main financial bulletins.
Explore how these trends are shaping the long run of the US financial system! Visit us frequently for essentially 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 adjustments, and pivotal moments within the US financial panorama.
