Lean hog futures remained in rally setting on Friday, as contracts were up $ 1 40 to $ 2 50 on the day. October was up $ 3 52 today. USDA’s nationwide base hog rates from the Friday mid-day report were down $ 1 32 from the day prior at $ 103 18 The CME Lean Hog Index was back up a 6 cents on September 24 at $ 105 06
The Friday afternoon Dedication of Investors report revealed handled cash raising their record web long position and lean hog futures and choices by 186 agreements since Tuesday, taking it to 142, 444 agreements.
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NASS launched their quarterly Hogs & & Pigs report on Thursday, with September 1 inventory down 1 35 % from in 2015 at 74 472 million head, well listed below price quotes requiring a slight increase. Hogs kept for reproducing saw a decrease of 1 82 % to 5 934 million head, listed below estimates, with the marketplace hog supply falling 1 31 % vs. in 2015 to 68 538 million head.
USDA’s FOB plant pork intermediary record from Friday afternoon fired greater by $ 2 53 at $ 113 52 per cwt. All primals were reported greater. USDA estimated federally examined hog massacre at 2 537 million head today. That was down 15, 000 head from recently and 18, 081 head listed below the same week last year.
Oct 25 Hogs closed at $ 101 500, up $ 1 400,
Dec 25 Hogs shut at $ 91 050, up $ 2 425
Feb 26 Hogs closed at $ 92 175, up $ 2 250,
On the date of publication,
Austin Schroeder
did not have (either straight or indirectly) settings in any of the safeties mentioned in this post. All details and information in this write-up is only for educational functions.
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