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Austin Schroeder at Barchart.com said, “Lean hog futures closed the Friday trade with contracts a dime to 25 cents lower in the nearbys. February was up just 7 cents last week, as April was 97 cents higher. Preliminary open interest was up 4,079 contracts on Friday. USDA’s national base hog price was reported at $83.56 on Friday afternoon, up 47 cents from the day prior. The CME Lean Hog Index was up another 67 cents on Jan 21 at $83.07.”
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“CME Lean Hog Index as of March 26 was 91.18, down 0.28 for the day and down 0.77 versus a week ago,” the Hightower Report said. “This is the …
In weighted average negotiated prices for barrows and gilts, the USDA reported:
In weighted average negotiated prices for barrows and gilts, the USDA reported:
Austin Schroeder at Barchart.com said, “Lean hog futures turned higher into Wednesday’s close, as contracts were up 12 to 55 cents. Open inter…
“The cash hog index has been on the decline lately and was down again yesterday,” the Hightower Report said. “Managed money traders may be com…
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