Lean hog futures are mixed at midday. Front month Dec is up 27 cents, with other nearby contracts down 45 to 52 cents. The CME Lean Hog Index for 11/09 was $71.25, up 12 cents. USDA’s National Average Base Hog price for Tuesday afternoon was not reported due to confidentiality, with the 5-day rolling average at $60.58. The National Pork Carcass Cutout value was 17 cents lower in USDA’s AM report, at $82.81. USDA’s Tuesday FI hog slaughter is 986,000 head WTD. That puts it even with last week’s pace.
DEC 19 Hogs are at $65.400, up $0.275, |
FEB 19 Hogs are at $66.125, down $0.450 |
APR 20 Hogs are at $69.900, down $0.525 |
— provided by Brugler Marketing & Management