Midday hog futures prices are within 30 cents of UNCH. The back months are slightly higher, led by the 30 cent gain in April. The nearby Dec and Feb contracts are 5 to 20 cents in the red so far. The USDA National Average Base Hog Price for Tuesday morning was up 34 cents to $87.71. The CME Lean Hog was 2 cents stronger on 10/28 to $93.79. Â
Pork cutout futures mixed, with a 10 cent loss in Dec to 55 cent gains in the other nearby contracts. The USDA Pork Cutout Value was another $2.24 weaker to $97.70. The 10/28 Fresh Bacon Index from CME was $180.71, down by $2.91. USDA estimated FI hog slaughter at 491k head for Monday, up by 8k from last week.Â
Dec 22 Hogs  are at $84.725, down $0.200,
Feb 23 Hogs  are at $88.400, down $0.050
Dec 22 Pork Cutout  is at $95.375, down $0.100,
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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