Lean hog prices are fading the midweek gains with a Friday pullback to close the daily chart gap. Losses are limited to 72 cents so far for the front months. The National Average Afternoon Base Hog price was $89.40 on Thursday, down by $3.59. The CME Lean Hog Index for 10/5 was 16 cents weaker to $92.77. Â
Pork cutout futures are mixed on light volume and OI, trading within 60 cents of UNCH. The USDA’s Pork Cutout Value for Friday morning was $103.17, up by $1.76. The USDA estimated the FI hog slaughter at 1.928m head for the week through Thursday. That is 1k head above last week’s pace and compares to 1.905 million during the same week last year.Â
Oct 22 Hogs  are at $92.425, up $0.050,
Dec 22 Hogs  are at $77.225, down $0.550
Oct 22 Pork Cutout  is at $101.400, up $0.300,
On the date of publication, Alan Brugler 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.
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