Cute pink pig looking in pasture
Lean hogs start the new month with $0.62 to $1.35 losses through Dec 1’s midday. Feb hogs rounded out the month of Nov with a $3.40 loss for the month after an incredibly wide trading range from $65.80-$77.77. 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.
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.
Dec 23 Hogs are at $68.850, up $0.075,
Feb 24 Hogs are at $70.275, down $1.200
Dec 23 Pork Cutout is at $81.750, up $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.
