Lean hog futures closed the midweek session with $0.42 to $1.90 losses on the day. December was down the most on the day with a 2.2% loss to the lowest since 10/17. The USDA National Average Base Hog Price was $89.48 on Wednesday afternoon, down by 27 cents, with $91.79 in the WCB and $87.49 in the ECB. The CME Lean Hog Index was 4 cents lower on 10/31 to $93.75.
Pork cutout futures were $0.65 to $1.52 lower on the day. The USDA Pork Cutout Value for Wednesday afternoon was 98 cents lower to $96.23. USDA estimated FI hog slaughter at 1.456m head for the week through Wednesday. That is down 1,000 head from last week, but is up by 25k head from the same week last year.Â
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Dec 22 Hogs  closed at $83.300, down $1.900,
Feb 23 Hogs  closed at $87.200, down $1.250
Dec 22 Pork Cutout  closed at $93.850, down $1.525,
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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.
