The lean hog futures market is $0.50 to $1.97 higher at midday. Dec futures are missing out on the triple digit rally with just less than 4 weeks of trade left, expecting the cash index to come down over time. Pork Cutout futures are also higher at midday with $0.60 to $1.52 gains. The CME Lean Hog Index was 76 cents weaker on the 13th to $70.08. USDA’s National Average Morning Base Hog price was 13 cents lower at $58.77. USDA’s National Pork Carcass Cutout value was a dime higher this morning, at $81.25. Federally inspected hog slaughter for Monday was estimated at 491,000 head. That compares to 493k both last week and last year.
| Dec 20 Hogs are at $65.650, up $0.500, |
| Feb 21 Hogs are at $65.700, up $1.925 |
| Apr 21 Hogs are at $69.325, up $1.875 |
| Dec 20 Pork Cutout is at $81.000, up $0.600, |
— provided by Brugler Marketing & Management
