Pigs feeding from trough in pen
After the triple digit losses on Thursday, lean hog futures are back up by 32 to 72 cents for Friday. The USDA National Average Base Hog Price fell $4.99 in the AM report to $87.63. The 10/25 CME Lean Hog was $94.47, after a 34 cent dip.Â
Pork cutout futures ware also in the black with gains of 5 cents to 17 cents. The USDA Pork Cutout Value was $4.80 stronger to $103.26. USDA estimated the week’s FI hog slaughter at 1.948m head through Thursday. That is even with last week’s pace and is up 23k head from the same week last year.Â
Dec 22 Hogs  are at $85.700, up $0.575,
Feb 23 Hogs  are at $88.850, up $0.700
Dec 22 Pork Cutout  is at $95.825, up $0.050,
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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