Piglets Sleeping Next to Each Other
Tuesday follow through has the board another 15 to 45 cents lower through the front months, discounting December’s 35 cent bounce. The USDA National Average Base Hog Price was 31 cents higher at $82.04 in the AM report. The CME Lean Hog Index was $85.56, down another 61 cents, on 11/23.
Pork cutout futures are UNCH on light volume and OI past the Dec contract’s 25 cent gain. USDA saw the pork carcass cutout value at $88.77 this morning, down by 75 cents. USDA estimated Monday’s FI hog slaughter at 493,000 head, up 5k from last week.
Dec 22 Hogs are at $81.175, up $0.575,
Feb 23 Hogs are at $84.800, up $0.050
Dec 22 Pork Cutout is at $90.125, up $0.025,
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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