Hog futures are back up by 7 to 40 cents through midday of the week’s last trade session. The USDA National Average Base Hog Price was $3.36 weaker in the Thursday PM report to $86.12. The CME Lean Hog Index was 46 cents lower to $93.29 on 11/1.
Census data had 513m lbs of pork shipments during September. That was up 0.1% yr/yr as the 2nd most for the month on record. YTD beef shipments reached 4.66b lbs through Sep.
Pork cutout futures are trading UNCH to 27 cents higher on limited volume and OI. The USDA Pork Cutout Value was $96.36 on Thursday afternoon, up by 13 cents. USDA estimated FI hog slaughter at 1.945m head for the week through Thursday. That compared to 1.948m head last week and from 1.908m head during the same week last year.
Dec 22 Hogs are at $83.550, up $0.175,
Feb 23 Hogs are at $87.225, up $0.050
Dec 22 Pork Cutout is at $94.275, up $0.275,
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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