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Lean hogs

Lean hogs

In weighted average negotiated prices for barrows and gilts, USDA reported:

  • National carcass base down 41 cents to $84.07/cwt.
  • National live not reported.
  • Iowa-Minnesota carcass base was $84.46.

USDA reported carcass cutout values this afternoon up $4.08 to $105.20/cwt.

Hopes for a higher cash market diminished yesterday while slaughter is lower than a year ago, according to Total Farm Marketing.

Extreme oversold condition plus a historically wide basis leaves the market vulnerable to a strong recovery bounce, according to The Hightower Report.

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