Hogs Rally on Thursday

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, with OI 57 and 10 as of the 11th for December and Feb contracts respectively. The National Pork Carcass Cutout value was $83.08 this afternoon, down by 6 cents. The primal cuts were mixed. USDA’s National Average Base Hog price was $1.02 lower at $60.17. The WCB base price was $59.49, with ECB confidential. USDA’s FI hog slaughter for the week through Thursday is 1.932 million head. That trails last week by 33k head but is up 11,000 from the same week last year.

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