Hogs Posting Mixed Trade

Lean hog futures are showing mixed trade, with December down 75 cents and other contracts up 50 to 65 cents. USDA’s national base hog price was reported at $42.34 on Thursday morning. The CME Lean Hog Index was down 21 cents on November 6 at $59.78.

USDA’s pork carcass cutout value was down 28 cents in the Thursday AM report, at $69.06. The rib and belly primals were the only reported higher. Federally inspected hog slaughter Wednesday was estimated at 462,000 head, taking the weekly total to 1.453 million head. That was 18,000 head below last week and 17,736 head larger than the same week last year.

Dec 26 Hogs  are at $55.275, down $0.750,

Feb 27 Hogs  are at $61.175, up $0.650

Apr 27 Hogs are at $67.050, up $0.575,

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.