Piglets napping
Front month lean hog futures are trading $0.67 to $1.52 through midday. The USDA National Average Base Hog Price for Tuesday morning was $0.91 stronger to $84.45. The CME Lean Hog Index was $88.63 on 11/10, down by 33 cents. Â
Front month pork cutout futures are $0.22 to $1.20 higher so far. USDA’s afternoon Pork Carcass Cutout Value was delayed this morning. USDA estimated FI hog slaughter at 493k head for Monday, which was down by 1k head from last week but 10k head above the same week last year.Â
Dec 22 Hogs  are at $85.600, up $0.725,
Feb 23 Hogs  are at $90.400, up $1.425
Dec 22 Pork Cutout  is at $95.900, up $0.225,
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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