Piglets napping
Front month lean hog futures were $0.70 to $1.17 higher at the closing bell for the first trade day of the week. Feb contracts settled more than $1 off their session high. The increasingly thin Dec contract dropped by 55 cents. The National Average Base Hog price was 7 cents weaker in the PM quote on Monday at $55.53. The 11/30 CME Lean Hog Index was down by 77 cents to $70.58.Â
Monday’s National Pork Carcass Cutout Value was $84.43, up by 88 cents. Monday’s FI hog slaughter was marked at 488,000 head. That is up from 476k last week and was 2k head more than the same week last year.Â
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Dec 23 Hogs  closed at $68.050, down $0.550,
Feb 24 Hogs  closed at $70.800, up $0.700
Feb 24 Pork Cutout  closed at $81.800, down $0.000,
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.
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