
Hogs dropped by as much as 1.7% across the front months to start the week. Dec was 80 cents above the low from back in May. The National Average Base Hog price was $2.75 stronger in the PM update to $74.82. The CME Lean Hog Index was $82.11 on 10/12, down by 31 cents.
Pork cutout futures finished with $0.82 to $1.07 losses across the front month futures. The National Pork Carcass Cutout Value increased 72 cents to $91.22 in the Monday PM report, with a $7.18 increase for bellies. The CME Fresh Bacon Index on 10/13 was $155.19, down $8.81. USDA estimated the FI hog slaughter at 485k for Monday. That is 1k head below last week and is 2k less than the same week last year.
Dec 23 Hogs closed at $68.300, down $1.200,
Feb 24 Hogs closed at $73.075, down $1.275
Dec 23 Pork Cutout closed at $78.050, down $1.000,
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.