Pigs feeding from trough in pen
Hogs are posting 70 cent to $1.30 gains across the front months on Monday. The National Average Base Hog price for Monday morning was $1.55 weaker to $78.24. The CME Lean Hog Index from 9/7 was 8 cents stronger to $86.27.Â
Pork cutout futures are also higher, with October trading on a 32 cent gain for midday. USDA’s National Pork Carcass Cutout Value for Monday morning was $3.30 stronger to $101.10. USDA estimated FI hog slaughter for the week at 2.234m head through Saturday. That is down form 2.252 million head during the same week last year, though the yearly total remains 1.3% ahead of last year’s pace.
Oct 23 Hogs  are at $82.650, up $1.125,
Dec 23 Hogs  are at $75.125, up $0.675
Oct 23 Pork Cutout  is at $93.150, up $0.325,
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. For more information please view the Barchart Disclosure Policy here.
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