Back to News
investment

Hogs Slipping on Tuesday

Barchart
Loading...
2 min read
0 likes
⚡ Quantum Brief
Lean hog futures declined 25 to 75 cents at midday Tuesday, reflecting broad market softness in pork commodities. The drop follows a downward trend in negotiated prices and index values. The national average base hog price fell to $78.84, a 90-cent drop from Monday, while the CME Lean Hog Index slipped 6 cents to $83.84 as of December 13. USDA reported pork cutout values at $94.63 per cwt, down 64 cents, signaling weaker demand despite stable slaughter volumes of 487,000 head on Monday. February hog futures led losses at $82.825 (down $0.725), followed by April ($87.775, down $0.475) and May ($91.725, down $0.250), indicating bearish near-term sentiment. Slaughter data showed a slight year-over-year increase (7,777 head) but a minor weekly decline, suggesting mixed supply dynamics amid price pressure.
AI Audio Summary
0:00 / 0:00
Click to play
gabriel-vasiliu-mdzxj9Ea7JM-unsplash.jpg
Quantum News · Media Library

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 Slipping on Tuesday December 17, 2024 — 02:41 pm EST Written by Austin Schroeder for Barchart-> Lean hog futures are trading with 25 to 75 cent losses at Tuesday’s midday. The national average base hog negotiated price was reported at $78.84 on Tuesday morning, which was down 90 cents from the day prior. The CME Lean Hog Index was reported at $83.84 on December 13, down 6 cents from the previous day. USDA’s FOB plant pork cutout value reported back higher on Tuesday AM, down 64 cents at $94.63 per cwt. USDA estimated the Monday FI hog slaughter at 487,000 head. That was 2,000 head below last week and up 7,777 head from the same Monday last year. Feb 25 Hogs are at $82.825, down $0.725,Apr 25 Hogs are at $87.775, down $0.475May 25 Hogs is at $91.725, down $0.250, 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. More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags Stocks Barchart With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries. More articles by this source-> More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

Read Original

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.