Lean hog futures are printing $0.50 to $1.92 gains through the Friday midday. The deferred summer ’23 months are red by 2 to 12 cents on the board. The CME Lean Hog for 10/19 was $93.76, up by another 56 cents. The National Average Base Hog price was withheld for confidentiality, the most recent quote, from Wednesday afternoon, was $97.52.
The pork cutout futures are trading 15 cents to $1.12 in the black so far. The Pork Cutout Value from USDA was $3.79 higher to $105.09 in the Friday AM report. USDA estimated FI hog slaughter for the week through Thursday at 1.948m head. That compares to 1.959m head last week and 1.904m head during the same week last year.
Dec 22 Hogs are at $88.800, up $1.775,
Feb 23 Hogs are at $90.075, up $0.975
Dec 22 Pork Cutout is at $98.000, up $1.125,
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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