Lean hog futures were up 17 cents in the December contract on Friday, the rest of the nearbys down 35 to 45 cents. December was up $2.80 last week. USDA’s national base hog price was reported at $72.09 on Friday afternoon, down $1.48 from the day prior. The CME Lean Hog Index was down another 54 cents on November 25 at $82.27.
USDA’s pork carcass cutout value from the Friday afternoon report was down 3 cents to $94.22 per cwt. The loin and picnic were the only primals reported lower. USDA estimated federally inspected hog slaughter for the week was 2.163 million head. That was 121,423 head below the week last year.
Dec 25 Hogs closed at $80.600, up $0.175,
Feb 26 Hogs closed at $81.000, down $0.375
Apr 26 Hogs closed at $84.900, down $0.450,
