Afternoon strength moved the hog futures market back into plus territory as the front months went home mixed but mostly higher on gains of as much as 27 cents. The USDA National Average Base Hog Price was 61 cents stronger to $86.15. The CME Lean Hog Index was $88.53 on 11/14, down by another 12 cents.
Pork cutout futures finished the session UNCH to 30 cents in the red, but off the lows from earlier in the day. USDA reported the national Pork Carcass Cutout Value as $93.62 on Wednesday, down by $2.07. The federally inspected hog slaughter was 1.473m head for the week through Wednesday. That is up 12k head from last week’s pace.
Dec 22 Hogs closed at $85.575, up $0.250,
Feb 23 Hogs closed at $90.350, up $0.275
Dec 22 Pork Cutout closed at $95.975, up $0.075,
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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