Lean hog futures were $2.82 to $3.75 lower on Monday. That left December at $80.60 with ~3 weeks left to trade. Feb hogs printed a new low for the month of November. The USDA National Average Base Hog Price was 27 cents higher at $83.22. The CME Lean Hog Index was $85.56, down another 61 cents, on 11/23.
Pork cutout futures also dropped by triple digits, with 2.3% to 3.5% losses. USDA saw the pork carcass cutout at $89.52 this afternoon, up by $1.89. Bellies were $6.59 stronger to $99.76.  CME’s Fresh Bacon Index was $10.37 lower to $145.91 for the week of 11/25. USDA estimated Monday’s FI hog slaughter at 493,000 head, up 5k from last week. Â
Dec 22 Hogs  closed at $80.600, down $3.175,
Feb 23 Hogs  closed at $84.750, down $3.750
Dec 22 Pork Cutout  closed at $90.375, down $1.825,
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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