Hogs Look to Monday Trade Following Friday Gains

Austin Schroeder Barchart Mon Aug 18, 7:38AM CDT
Veterinarian standing next to a pig pen by dusanpetkovic via iStock

Lean hog futures saw Friday strength of 97 cents to $1.50, as bulls fought back to close out the week. October was still down 57 cents over the week. USDA’s national base hog price was down $2.49 in the Friday PM report, at $107.88. The CME Lean Hog Index was back up a nickel at $109.83 on August 13. 

The large managed money speculators in lean hog futures and options added back another 1,446 contracts to their net long position as of 8/12 to 110,732 contracts.

USDA’s FOB plant pork cutout report from Friday afternoon was back up $1.22 at $116.40 per cwt. The belly was back lower after strength in the AM print, with the picnic also lower. USDA estimated hog slaughter for the full week to date total at 2.417 million head. That was 67,000 head above last week but down 98,5454 head from the same week last year.

Oct 25 Hogs  closed at $90.100, up $0.975,

Dec 25 Hogs  closed at $83.025, up $1.400

Feb 26 Hogs  closed at $85.625, up $1.400,


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.