Lean hog futures are mixed trade at Friday’s close, with nearby December up 42 cents and other contracts down 50 cents. December was still down $21.87 on the week. USDA’s national base hog price from Friday PM was reported at $83.99, down 32 cents from the day prior. The CME Lean Hog Index was down another 26 cents on November 4 at $90.60.
USDA’s pork carcass cutout value from the Friday afternoon report was up $1.80 to $98.98 per cwt. The rib primal was the only reported lower, down $4.40. USDA estimated federally inspected hog slaughter for this week at 2.633 million head. That is 61,000 head above last week but 32,279 head below the same week last year.
Dec 25 Hogs closed at $79.400, up $0.425,
Feb 26 Hogs closed at $79.350, down $0.475
Apr 26 Hogs closed at $83.400, down $0.500,
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.
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