The lean hog market continued to work higher through the Thursday session, save for the Dec contract which gave back 60 cents. The other nearbys added 5 to 12 cents to the move. The USDA National Average Base Hog Price was down by $2.88 to $83.27 in the Thursday report. The 11/15 CME Lean Hog Index was $88.22, down by 31 cents. Â Â
Pork cutout prices closed up by 22 cents to 45 cents past the Dec which was down by 40 cents on the day. USDA’s Pork Carcass Cutout Value was $1 weaker to $92.63. The federally inspected hog slaughter was 1.961m head for the week through Thursday. That is up 10k head from last week’s pace.Â
Dec 22 Hogs  closed at $84.975, down $0.600,
Feb 23 Hogs  closed at $90.800, up $0.450
Dec 22 Pork Cutout  closed at $95.500, 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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