The front month lean hog futures were $0.60 to $1.37 stronger at the close. Dec hogs futures ended the day 20 cents in the red. The National Average Base Hog price for Thursday was $58.60, up by 54 cents. The CME Lean Hog Index for 11/28 was $71.53, down 13 cents. Â
Weekly Export Sales data had pork bookings at 21,174 MT sold during the week that ended 11/23. That was a draw down from 26k sold last week but was up 5% from the same week last year. The report showed Mexico was the top buyer. Weekly pork exports were 27,842 MT, brining the season total to 1.416 MMT. That is 5% ahead of last year’s pace.Â
The National Pork Carcass Cutout Value was down 14 cents to $83.83. USDA estimated the week’s FI hog slaughter through Thursday at 1.93m head, compared to 1.956m head during the same week last year.Â
Â
Dec 23 Hogs  closed at $68.775, down $0.200,
Feb 24 Hogs  closed at $71.475, up $1.375
Feb 24 Pork Cutout  closed at $82.000, unch,,
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.
/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
/Alphabet%20Inc_%20and%20Google%20logos%20by%20IgorGolovinov%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone-by%20Evolf%20via%20Shutterstock.jpg)