Hogs are currently 45 cents to $1.32 lower on Monday, with December up 7 cents. USDA’s National Average Base Hog price was reported at an average price of $60.92 in the Monday AM report on light action, which was up $3.43 from the Friday afternoon price. The CME Lean Hog Index for 11/21 was down another 28 cents to $73.90.
December pork cutout futures are up 7 cents. The National Pork Carcass Cutout Value up a sharp $5.46 in Monday morning’s report at $89.63. The rib was the only cut reported lower, with the belly up $17.76 and the picnic $11.40 higher. USDA estimated FI hog slaughter at 2.221 million head for last week. That was a 11,000 increase from the same holiday slowed week last year. On the year, total slaughter is at 114.635 million head, a 1.5% increase vs. a year ago.
Dec 23 Hogs are at $67.650, up $0.075,
Feb 24 Hogs are at $67.450, down $1.325
Dec 23 Pork Cutout is at $79.775, up $0.075,
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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