Hogs Give Back another Triple Digits

 

Alan Brugler, Barchart

May 9, 2022

 

Lean hog weakness continued into the new week, with the board fading another $1.32 to $2.85 on Monday. The National Average Base Hog price was $4.85 higher in the PM report to $106.83. CME’s Lean Hog Index for 5/5 was another 5 cents lower to $100.91.

 

Pork cutout futures went home with $1.52 to $2.40 losses on the day. USDA’s National Pork Carcass Cutout Value for Monday was 31 cents weaker to $104.39. FI hog slaughter was estimated as 468k head for Monday, down from 482k head last week.

 

more, including links

https://www.barchart.com/story/news/8280851/hogs-give-back-another-triple-digits