Lean Hogs Dec '19 (HEZ19)
Lean Hogs Futures Market News and Commentary
Lean Hog futures see increases of $0.45 to $1.12 in the nearby contracts. The CME Lean Hog Index was up by $0.74 on Oct 17 to $65.64. The USDA pork carcass cutout value is $1.61 higher so far at $78.64 for Monday’s midday. The national average base hog for 10/18 was down 75 cents to $57.05. USDA estimated hog slaughter for the week ending 10/19 is at 2.726 million head, up 16,000 head from last week and 167,000 larger than the same week’s total from last year. The year to date hog slaughter is 101.952 million head, outpacing last year by 3.61%. DEC 19 Hogs are at $68.400, up $0.450, FEB 19 Hogs are at $78.500, up $1.025 APR 20 Hogs are at $84.575, up $1.125 -- provided by Brugler Marketing & Management Read more
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