Lean Hogs Look For Fresh Export News, Cutout Direction

Lean hog futures ended the Thursday session 5 to 32 cents higher, with a triple digit gain for December contracts. The Pork Cutout Futures closed 12 to 65 cents in the black. USDA’s National Pork Carcass Cutout value was $83.08 in the afternoon report. The primal cuts were mixed. USDA’s National Average Base Hog price was $1.02 lower at $60.17. USDA’s estimate for FI hog slaughter for the week through Thursday was 1.932 million head. That trailed last week by 33k head but was 11,000 above the same week last year.

— provided by Brugler Marketing & Management

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