Hogs Extending Losses to Friday’s Midday

Lean hog futures are down 17 cents to $1.35 across the front months on Friday. USDA’s national base hog price was reported at $44.96 in the Friday morning report, up $4.67 from the day prior. The CME Lean Hog Index was down another $1.07 on November 4 at $62.86.

USDA’s pork carcass cutout value was up $2.31 in the Thursday PM report, at $68.99. The rib was the only primal were reported lower. Federally inspected hog slaughter for Thursday was estimated at 494,000 head, with the weekly total at 1.967 million head. That is 35,000 head above last week and 27,164 head below the same week last year.

Dec 26 Hogs  are at $53.750, down $1.350,

Feb 27 Hogs  are at $59.250, down $0.925

Apr 27 Hogs are at $66.950, down $0.175,

On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.