Lean Hogs Close Mixed

Lean hog futures were mixed on Veterans Day, down as much as 82 cents for nearby contracts, and gains of 32 cents for Apr. The 11/08 CME Fresh Bacon Index was @2.37 lower wk/wk, at $146.45, with the Lean Hog Index regaining $0.10 to $60.29 as of 11/07. The pork carcass cutout value gained $3.87 on the day, up to $85.47; the biggest gainers were ham and belly cuts. The national average base hog price was updated this afternoon to $45.12. The WASDE report updated 4th quarter pork production estimates to 7.46 billion lbs to bring the 2019 production to a record 27.620 billion lbs. The USDA estimated FI hog slaughter for Monday’s holiday is 444,000 head; the weekly total from last week reached 2.693 million head.

DEC 19 Hogs closed at $63.300, down $0.825,

FEB 19 Hogs closed at $73.725, down $0.175

APR 20 Hogs closed at $80.650, up $0.325

--provided by Brugler Marketing & Management

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