Lean Hogs Futures Market News and Commentary
Lean hog futures are lower after Tuesday gains of $1.12 to $1.25. The last trading day is Friday for December hogs, which were 20 cents higher at midday. The 12/09 CME Lean Hog Index was at $58.47, after a 35-cent recovery. USDA’s pork carcass cutout value was 51 cents higher, with the primal cuts showing mixed movements. USDA’s national average base hog price for 12/11 was another 12 cents lower at $47.46. Tuesday added 494,000 head to the USDA estimated hog slaughter, pushing the weekly total to 985,000 head, following a 5,000 head reduction from Monday’s estimate.
Dec 19 Hogs are at $60.675, up $0.200,
Feb 20 Hogs are at $67.650, down $0.325
Apr 20 Hogs are at $74.150, down $0.050
---provided by Brugler Marketing & Management