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Austin Schroeder at Barchart.com said, “Lean hog futures posted weaker Friday trade, with contracts down 30 to 45 cents in the nearbys. February was down $1.10 last week. Open interest was up 2,647 contracts on the day. USDA’s national base hog price was reported at $83.57 on Friday afternoon, down 81 cents from the previous day. The CME Lean Hog Index was up another 50 cents on Jan 28 at $85.72.”
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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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