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Hogs Higher at Tuesday’s Midday

Barchart
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⚡ Quantum Brief
Lean hog futures rose midday Tuesday, with contracts climbing 12 to 32 cents, reversing a recent downward trend in pork prices. The CME Lean Hog Index dropped to $84.26 on October 4, a 57-cent decline from the prior day, signaling softening demand. USDA reported pork cutout values at $94.81 per cwt, down $1.24, with loin, picnic, and belly prices all falling. Monday’s hog slaughter reached 488,000 head, up 3,000 from the previous week and 6,606 higher than the same day last year. October, December, and February futures contracts gained, with December 2024 hogs rising the most at $0.325.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Hogs Higher at Tuesday’s Midday October 08, 2024 — 05:27 pm EDT Written by Austin Schroeder for Barchart-> Lean hog futures are posting mostly higher trade on Tuesday, with contracts up 12 to 32 cents. The CME Lean Hog Index was reported at $84.26 on October 4, down 57 cents from the day prior. USDA’s FOB plant pork cutout value was reported at $94.81 per cwt in the Tuesday AM release, down $1.24 from the day prior. The loin, picnic, and belly were all reported lower. USDA estimated FI hog slaughter for Monday at 488,000 head. That is up 3,000 head from the previous Monday and 6,606 head above the same Monday last year.Oct 24 Hogs are at $84.150, up $0.175,Dec 24 Hogs are at $77.150, up $0.325Feb 25 Hogs is at $80.725, up $0.125, 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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