Pig Resting in Pen Hay
Hogs are giving some of the Monday rally back at Tuesday’s midday, with front months down 85 cents to $1.15. The USDA National Average Base Hog Price was up $3.43 to $86.11. The CME Lean Hog Index was down another 57 cents to $90.88 on 11/4.
Pork cutout futures are down 40 cents. The USDA Pork Cutout Value on Tuesday morning was $1.31 lower to $95.64. The picnic and ham primals were the only reported higher. USDA estimated FI hog slaughter for Monday was 494k head. That compares to 486k head last week and 469k head during the same week last year.
Dec 22 Hogs are at $85.300, down $1.750,
Feb 23 Hogs are at $88.200, down $0.850
Dec 22 Pork Cutout is at $95.800, down $0.400,
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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