Pig in pen
Nearby hog futures are currently down by $0.85 to $1.20. That has the Feb contract at a net 37c loss so far this week. The National Average Base Hog price fell by $2.26 to $53.96 in the AM report. The 11/30 CME Lean Hog Index was down by 77 cents to $70.58.Â
The National Pork Carcass Cutout Value increased another 31 cents in the Tuesday AM report to $84.74. 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
Feb 24 Hogs  are at $69.675, down $1.125,
April 24 Hogs  are at $76.325, down $1.225
Feb 24 Pork Cutout  is at $81.250, down $0.550,
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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