Hogs Turned Black for the Close
Alan Brugler, Barchart
Jun 15, 2022
Afternoon action in the lean hog market moved futures back into the black to close the day 2 to 77 cents higher. July hogs were the outlier, and added $1.65 to value and 88 cents to their inverse. USDA’s National Average Base Hog price for Wednesday afternoon was 61 cents higher to $119.86. The ECB price was $115.46 compared to $121.12 in the WCB. The CME Lean Hog Index was $108.13 on 6/13, up by 73 cents.
Pork cutout futures closed the midweek session mixed as October gave back 17 cents to $0.02 to $1.45 gains in the other nearby contracts. USDA’s National Pork Carcass Cutout Value was $2.88 weaker in the PM update to $105.79. USDA estimated the WTD hog slaughter at 1.401m head through Wednesday. That is down 30k head from last week and 36,000 head from the same week last year.
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