Lean hog futures are trade with 97 cents to $2.15 losses across the nearbys as we trade through midday.  The national average base hog negotiated price was reported at $79.74 on Monday morning, which was up $1.38 from the day prior. The CME Lean Hog Index was reported at $83.90 on December 12, down 2 cents from the previous day.
Managed money trimmed back 2,748 contracts from their record net long position in lean hogs and futures as of 12/10, taking it to 130,759 contracts.Â
USDA’s FOB plant pork cutout value reported back higher on Monday AM, up $2.47 at $97.08 per cwt. The rib was the driver to the upside, up $11.80, as all 6 primals were higher. USDA estimated the weekly FI hog slaughter at 2.573 million head. That was 29,000 head below last week and down 121,652 head from the same week last year.Â
Feb 25 Hogs  are at $83.450, down $2.150,
Apr 25 Hogs  are at $88.350, down $1.400
May 25 Hogs  is at $92.150, down $0.975,
On the date of publication, Austin Schroeder 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.
/Cisco%20Systems%2C%20Inc_%20magnified%20logo-by%20Pavel%20Kapysh%20via%20Shutterstock.jpg)
