Lean hog futures ended the first trade day of the new year with 0.5% to 3% losses. Feb hogs were down the most on the day with a $2.62 drop. That widened the spread to April to now $8.72. The summer months are still above $108, at an even greater premium. USDA’s National Average Base Hog price for Tuesday was $74.69. The CME Lean Hog Index dropped 55 cents on 12/29 to $80.19.Â
Pork cutout futures settled the Tuesday session with $0.97 to $2.27 losses. USDA’s National Pork Carcass Cutout value for Tuesday afternoon was $86 flat after a $1.90 drop. Federally inspected hog slaughter for Tuesday was estimated at 483k head, for a week to date total of 508k head.Â
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Feb 23 Hogs  closed at $85.075, down $2.625,
Apr 23 Hogs  closed at $93.800, down $1.500
Feb 23 Pork Cutout  closed at $91.800, down $2.275,
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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