Brown and white piglet
Front month lean hog futures are trading 57 cents to $1.30 in the red through midday. The USDA National Average Base Hog Price for Tuesday was up $1.41 to $89.75. The CME Lean Hog Index was 4 cents lower on 10/31 to $93.75.
Pork cutout futures are down $0.52 to $1.22 in the front months at midday. The USDA Pork Cutout Value was 12 cents higher in the AM report to $97.33. USDA estimated FI hog slaughter for Tuesday at 489k head. That has the week’s total at 975k head, after a Monday revision, for a 1,000 head lead over last week’s pace. The same week last year had 955k head.
Dec 22 Hogs are at $84.125, down $1.075,
Feb 23 Hogs are at $87.700, down $0.750
Dec 22 Pork Cutout is at $94.700, down $0.675,
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.
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