Hogs Trading Mixed at Midday

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

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