Front month lean hog futures are mostly lower for Friday’s midday. Dec hogs are 57 cents in the black after Thursday’s limit loss. The other front months are down 17 to 47 cents. The CME Lean Hog Index for 10/21 was $78.60, 9 cents weaker. USDA’s National Average Base Hog price was delayed this morning from packer submission errors. Yesterday’s PM quote was $60.57. USDA’s National Pork Carcass Cutout value was 11 cents weaker in the AM update to $98.73 cwt. The primals were mixed but mostly higher, but offset by a $10.98 cwt. drop in bellies. Pork stocks in September were 466.474 million lbs per the Cold Storage report. That was just 0.22% above August and the lowest end of September inventory since 2010. This week’s hog slaughter through Thursday was estimated at 1.949m head. That is down from 1.958 LY.
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Dec 20 Hogs are at $66.775, up $0.575, |
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Feb 21 Hogs are at $66.675, down $0.175 |
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Apr 21 Hogs are at $69.400, down $0.300 |
--- provided by Brugler Marketing & Management
