Business / Finance

Hog Prices Faded on Wednesday

Logo NasdaqNasdaq
2023-09-06 21:28:52  • 1 min

Lean hogs were 20 to 62 cents weaker past the Octobers $1.30 drop. The National Average Base Hog quote was 94 cents higher to $79.13. CMEs Lean Hog Index for 9/4 was $86.56, down by $1.21.

Pork cutout futures ended the day in similar fashion with 47 to 95 cent losses after the October contracts $1.20 drop. USDAs National Pork Carcass Cutout Value was 54 cents lower to $98.33 on Wednesday afternoon. USDA estimated the weeks FI hog slaughter at 952k head for the week through Wednesday. That is 24k head behind the same week last year.

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