Hogs Mixed at Midday

Lean hog futures are up 82 cents in nearby Dec, as other front months are steady to 37 cents lower. The CME Lean Hog Index fell back 4 cents and was at $59.54 for 11/20. The USDA pork carcass cutout value recovered this morning with a $2.46 gain, primals were mixed. USDA’s national average base hog price for 11/22 was 67 cents lower to $41.90. USDA estimated FI daily hog slaughter was estimated at 484,000 head for Thursday, to put the weekly total at 1.964 million head. Cold Storage data for the end of October will be released this afternoon.

DEC 19 Hogs are at $61.475, up $0.825,

FEB 19 Hogs are at $67.375, down $0.075

APR 20 Hogs are at $73.725, down $0.375

--provided by Brugler Marketing & Management

Market Commentary provided by:

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