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Hogs Weaker again at Midday
Alan Brugler - BRUG - Mon Oct 26, 11:37AM CDT

Continuing to the downside at midday, lean hog futures are 2 to 37 cents weaker. The Fresh Bacon Index was $7.95 higher for the week, to $222.45. The CME Lean Hog Index for 10/22 was $78.54, 6 cents weaker. This morning’s National Average Base Hog price was delayed due to packer submission issues, On Friday the PM Base Hog price was $59.55. USDA’s National Pork Carcass Cutout value $2.99 higher in the AM update. Bellies and loins were the only primals that were weaker in the report, hams were up the most with a $12.21 cwt. increase. USDA estimated FI hog slaughter at 2.679 million head for the week through Saturday. That was down 11k yr/yr, but YTD slaughter still has a 1% lead over 2019’s pace.

Dec 20 Hogs are at $66.800, down $0.225,

Feb 21 Hogs are at $66.750, down $0.175

Apr 21 Hogs are at $69.550, down $0.175

--- provided by Brugler Marketing & Management

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