Piglets napping
Tuesday hog futures closed with $0.45 to $1.12 gains through the front months. The USDA National Average Base Hog Price for Tuesday was $1.46 stronger to $85.54. The CME Lean Hog Index was $88.65 on 11/11, down by 2 cents.
Pork cutout futures ended the day with $0.22 to $1.20 gains on Tuesday. USDA’s afternoon Pork Carcass Cutout Value was 86 cents weaker to $95.70. USDA estimated FI hog slaughter for Tuesday at 490k head, for a weekly total 975k head. That compares to 985k head last week and 966k head during the same week last year.
Dec 22 Hogs closed at $85.325, up $0.450,
Feb 23 Hogs closed at $90.075, up $1.100
Dec 22 Pork Cutout closed 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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