Pigs feeding from trough in pen
At the close on Wednesday, lean hog futures were $0.85 to $1.20 higher at the close. The CME Lean Hog from 10/17 was $93.19, down by 16 cents. The National Average Base Hog price for Wednesday afternoon was $3.67 stronger to $97.52.
The pork cutout futures ended the session with $0.35 to $1.37 gains. The Pork Cutout Value from USDA was down by $1.37 to $101.30. USDA estimated FI hog slaughter at 1.457m head for the week through Wednesday. That is trailing last week by 9,000 head but is up 25,000 head from the same week last year.
Dec 22 Hogs closed at $87.375, up $0.900,
Feb 23 Hogs closed at $89.000, up $1.200
Dec 22 Pork Cutout closed at $96.875, up $0.350,
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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