Lean hog futures are mixed, with December up 12 cents and other contracts down 25 to 50 cents. USDA’s national base hog price was reported at $70.06 on Tuesday morning. The CME Lean Hog Index was down another 35 cents on November 28 at $81.67.
USDA’s pork carcass cutout value from the Monday afternoon report was up 22 cents to $95.01 per cwt. The loin, butt, and belly were the primals reported lower. USDA estimated federally inspected hog slaughter for Monday was 492,000 head. That was 3,000 head below last week but 6,241 head above the week last year.
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Dec 25 Hogs are at $80.350, up $0.125,
Feb 26 Hogs are at $80.050, down $0.250
Apr 26 Hogs is at $83.825, down $0.450,
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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