Tuesday Hogs Follow Triple Digit Gains

Front month lean hog prices ended Monday’s trade with $1.30 to $1.65 gains after rebounding from the losses last week. The USDA National Average Afternoon Base Hog price was 90 cents lower to $109.35. The CME Lean Hog Index was down another $2.73 on 8/25 to $113.32.  

Pork cutout futures also firmed up by triple digits, going home $1.32 to $1.50 higher. USDA’s National Pork Carcass Cutout value for Monday afternoon was 34 cents higher to $102.57. Bellies were quoted $11.22 weaker to $144.92. The 8/26 Fresh Bacon Index from CME was a sharp $36.74 (14%) lower,  to $225.78 per cwt. USDA estimated Monday’s FI hog slaughter at 480,000 head. That is 2,000 head above last week and 10k more than the same Monday last year. 

Oct 22 Hogs  closed at $92.250, up $1.600,

Dec 22 Hogs  closed at $84.600, up $1.650

Oct 22 Pork Cutout  closed at $102.625, up $1.375,