Piglets Sleeping Next to Each Other
Lean hog prices ended the session down by 5 cents to $1.30. The back months were 5 to 10 cents higher. The National Average Base Hog price increased by 53 cents to $75.09. The 9/08 CME Lean Hog Index was back down by a dime to $86.17.
Pork cutout futures ended the day 25 cents in the red past October’s 62 cent loss. USDA reported the National Pork Carcass Cutout Value $2.98 weaker at $98.22. Bellis wer down by $7.42 in the PM report with a $6.81 drop for hams. USDA estimated the week’s FI hog slaughter at 1.421m head through Wednesday. That is down from 1.447 million head last week.
Oct 23 Hogs closed at $83.975, down $1.300,
Dec 23 Hogs closed at $76.350, down $0.550
Oct 23 Pork Cutout closed at $95.225, down $0.675,
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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