Lean hog future are mixed with contracts 65 cents higher to 45 cents lower. USDA’s national base hog price from Wednesday morning was reported at $86.39, up $2.32 from the day prior. The CME Lean Hog Index was down another 8 cents on November 3 at $90.90.
USDA’s pork carcass cutout value from the Wednesday AM report was back up 15 cents to $99.32 per cwt. The loin, rib, and ham were the only primals reported higher. USDA estimated federally inspected hog slaughter for Tuesday at 488,000 head, which takes the weekly total to 981,000 head. That is 2,000 head above last week and 5,778 head above the same week last year.
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Dec 25 Hogs are at $80.575, up $0.650,
Feb 26 Hogs are at $80.775, down $0.150
Apr 26 Hogs is at $84.675, down $0.450,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
