Piglets napping
Wednesday hog futures trading has lean hog futures $0.85 to $1.10 higher @ midday. USDA’s National Average Base hog price for Wednesday was 33 cents higher to $60.69. CME’s Lean Hog Index for 10/29 was 12 cents lower at $79.04.
Pork cutout futures are trading $0.62 to $0.90 in the black so far. USDA’s National Pork Carcass Cutout Value was $8.55 higher this morning at $100.76. That was led by a $31.34 recovery in the hams. Hog slaughter for the week through Tuesday was estimated at 95,000 head. That compares to 958k head last week and 983k head from the same week last year.
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Dec 21 Hogs are at $75.375, up $1.125,
Apr 22 Hogs are at $82.425, up $1.100
Dec 21 Pork Cutout is at $93.600, up $0.600,
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