RCM Co-op -

Triple Digit Losses for Lean Hogs

cmdtyNewswires - Mon Aug 03, 9:40PM UTC

Lean hog futures were mixed on Monday. The front months of August and October were down by triple digits, with losses weakening to a nickel through May ‘21. Some late 2021 contracts were higher. The weekly Fresh Bacon index from CME was $128.62 cwt. That was down $2.31 wk/wk, and is $58.22 cwt. below last year. The July 30 CME Lean Hog index was $53.52, down by 4 cents. USDA’s National Average afternoon Base Hog price August 03 was $40.28, down by 66 cents. USDA’s National Pork Carcass Cutout value was quoted at $66.78 this afternoon. Save for hams, which fell back $8.01 to $40.63 cwt., all of the primal cuts were more than $1 stronger. USDA’s estimate for Monday’s hog slaughter is 425,000 head. Last Monday’s kill was 455,000 head, but the same Monday last year was even.

Aug 20 Hogs closed at $49.875, down $2.125,

Oct 20 Hogs closed at $48.400, down $1.225

Dec 20 Hogs closed at $50.075, down $0.300

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