Lean hog futures were down 20 to 92 cents across the front months on Wednesday, as contracts faced losses heading into the Holiday break. USDA’s national base hog price was not reported on Wednesday due to thin trade. The CME Lean Hog Index was up a penny on December 22 at $83.72. The CME will open back up on Friday per normal, with no trade on Thursday.
NASS released their quarterly Hogs & Pigs report on Tuesday afternoon, with December 1 hog inventory at 75.55 million head, up 0.63% from last year. December 1 market hogs were up 0.75% at 69.59 million head, with hogs kept for breeding down 0.87% to 5.952 million head.
