Hogs Shift Focus to Tuesday Trade

Austin Schroeder Barchart Tue Jun 24, 7:45AM CDT
Piglets napping by Larry White via Pixabay

Lean hog futures posted gains of 60 to 85 cents on Monday. USDA’s national base hog price was reported at $109.35 on Monday afternoon, down $1.11 from the previous day. The CME Lean Hog Index was up $1.19 at $108.78 on June 19.

The weekly CFTC Commitment of Traders report was delayed until Monday afternoon due to last Thursday's holiday. The data showed speculators in lean hog futures and options adding 11,632 contracts to a near record net long position of 129,850 contracts as of June 17th.

USDA’s FOB plant pork cutout value from Monday morning was up another 64 cents at $122.78. The ham and belly ($5.08) were the only primals reported higher. Federally inspected hog slaughter for Monday was estimated at 465,000 head by USDA, down 13,000 head from last week but up 655 head from the same Monday last year. 

Jul 25 Hogs  closed at $113.450, up $0.675,

Aug 25 Hogs  closed at $113.050, up $0.600

Oct 25 Hogs  closed at $96.875, up $0.850,


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.