Lean hog futures are mixed trade at Friday’s close, with nearby December up 42 cents and other contracts down 50 cents. December was still down $21.87 on the week. Preliminary open interest was down 2,973 contracts on Friday. USDA’s national base hog price from Friday PM was reported at $83.99, down 32 cents from the day prior. The CME Lean Hog Index was down another 26 cents on November 4 at $90.60.
USDA’s pork carcass cutout value from the Friday afternoon report was up $1.80 to $98.98 per cwt. The rib primal was the only reported lower, down $4.40. USDA estimated federally inspected hog slaughter for last week at 2.633 million head. That is 61,000 head above last week but 32,279 head below the same week last year.
