Lean Hogs Feb '20 (HEG20)
Lean Hogs Futures Market News and Commentary
Lean hog futures are 25 to 90 cents lower at Wednesday’s midday. The 11/08 CME Lean Hog Index fell by $0.85, to $59.44. Wednesday’s pork carcass cutout value is down $1.32 at midday, with picnic the only primal cut making a gain. The national average base hog price was 2 cents lower to $42.71. The USDA estimated FI hog slaughter through Tuesday was 936,000 head; that is 48,000 head behind last Tuesday’s estimation.
DEC 19 Hogs are at $64.075, down $0.650,
FEB 19 Hogs are at $74.650, down $0.900
APR 20 Hogs are at $81.775, down $0.250
--provided by Brugler Marketing & Management
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