Pig with dirt on snout ear tagged
Lean hogs continued their upswing on Monday, adding 45 to 87 cents to the bounce. That has Dec up by $5.17 from the low on 10/20. The National Average Base Hog price increased 66 cents on Monday afternoon to $70.73. The CME Lean Hog Index for 10/26 was 24 cents lower to $77.95.
Pork cutout futures also closed in the black with triple digit gains of as much as 1.4%. USDA’s National Pork Carcass Cutout Value was $1.46 stronger to $87.86 on Monday afternoon. Federally inspected hog slaughter was estimated at 487,000 head for Monday, matching the same week last year and 1k head above last week.
Dec 23 Hogs closed at $71.175, up $0.700,
Feb 24 Hogs closed at $74.375, up $0.875
Dec 23 Pork Cutout closed at $80.200, up $1.100,
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.
/Unitedhealth%20Group%20Inc%20HQ%20photo-by%20jetcityimage%20via%20iStock.jpg)
/Lyft%20logo%20on%20phone%20by%20Thought%20Catalog%20via%20Unsplash.jpg)
