Lean Hog Market In Black at Midday

Current hog futures prices are up by 20 cents to $1.60 in the front months. For last week, October hogs were down by a net 3.67% and December by a net 7.9%. The National Average Base Hog price was $82.67 this morning after a $2.41 drop. The CME Lean Hog Index for 9/29 was another 23 cents lower to $94.91.   

Pork cutout futures are UNCH on limited volume and OI, the October contract has printed a 47 cent loss so far. USDA’s National Pork Carcass Cutout value was $102.98 in the AM report, up by $5.39. Bellies led the way with a $23.95 bounce. The USDA estimated hog slaughter as 2.526m head for the week through Saturday. That was up from 2.517m head during the same week last year, though YTD slaughter trails last year’s pace by 3.1% with 92.845m head. 

Oct 22 Hogs  are at $89.700, up $0.475,

Dec 22 Hogs  are at $77.825, up $1.600

Oct 22 Pork Cutout  is at $97.825, down $0.475,