Lean hog futures are trading mixed on the board with losses of as much as 65 cents, and gains in the deferred contracts trading 5 to 35 cents higher. The USDA National Average Base Hog Price was $4.01 stronger to $88.22. The CME Lean Hog Index was down by another 60 cents to $90.28 on 11/7.Â
Pork cutout futures closed with a 5 cent gain in the December contract, but down by 32 to 57 cents in the other nearbys. The USDA reported the pork carcass cutout $1.46 higher to $98 flat. USDA estimated the federally inspected hog slaughter at 1.951m head for the week through Thursday. That is up 6,000 head from last week and 79,000 head more than the same week last year.
Dec 22 Hogs  are at $84.100, down $0.775,
Feb 23 Hogs  are at $88.250, down $0.575
Dec 22 Pork Cutout  is at $94.825, down $0.675,
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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