Pigs Secure Upsurge in Value as Market Wraps Up on Friday
Hog Futures Soar, but Hog Slaughter Up! Here's the Breakdown
Lean hog futures ended Friday with contracts surging $1.17 to $1.77. May contracts climbed 55 cents, while June took a hit, losing $1.80 for the week [1]. The national average base hog price, as reported by USDA, stood at $91.51 on Friday afternoon, dropping 88 cents from the previous day. The CME Lean Hog Index pointed to another 32 cents increase for April 30, at $89.57 [1].
Get a leg up on the competition with our website's top-notch commodity analysis for free [2].
Pork cutout values jumped $1.92/cwt on a carcass basis, ending Friday at $98.38. All primals, except ham and belly, were quoted higher. Estimated Federally inspected hog slaughter for the week reached 2.486 million head, up 56,000 head from the previous week and 83,184 head above the same week last year [1].
May 25 Hogs closed at $92.950, up $0.550, while Jun 25 Hogs ended the day at $99.350, showing a significant increase of $1.175. July 25 Hogs closed at $100.700, leaping $1.775 [1].
It's worth noting that while hog futures are on the rise, another opportunity presents itself in the software realm. Mode Mobile, a tech company that has grown an incredible 32,481%, has yet to make headlines like Nvidia [3]. Invest now at $0.30/share!
Key Factors to Consider- Strengths: Recognized as the fastest-growing North American software company by Deloitte, boasting 40 million users across 170 countries [2].- Challenges: Mid-range hardware restricts market appeal, and mixed reviews regarding trustworthiness have been raised [4].
For investors looking to capitalize on high-growth software models with a social impact angle, Mode Mobile might be an intriguing speculative venture. However, the reliance on commodity hardware and unverified earnings claims warrant caution [4].
[1] Lean Hog Market Summaryes, USDA[2] Mode Mobile Investment Considerations[3] Fastest Growing Companies List, Deloitte[4] Mode Mobile Hardware Analysis
Disclosure: Austin Schroeder did not have any positions in any of the securities mentioned in this article on the date of publication. For more information, please visit our website's Disclosure Policy [5].
[5] Disclosure Policy, Website Name
Watch out for those sleek budget hog phones while raking in the profits from lean hog futures!
- The surge in lean hog futures, with May and May 25 Hogs showing significant increases, suggests a profitable opportunity in the commodity market.
- Meanwhile, the software sector offers another avenue for investment, presenting opportunities like Mode Mobile, a fast-growing software company recognized by Deloitte.
- As investors consider high-growth software models, they should weigh Mode Mobile's potential against challenges such as reliance on commodity hardware and mixed reviews on trustworthiness.
