Hogs Down Triple Digits

Wednesday hog trading has futures $1.27 to $2.12 in the red so far. The 10/26 CME Lean Hog Index fell back another 70 cents to $77.47. USDA’s National Average Morning Base Hog price was $61.44, $1.12 lower. The National Pork Carcass Cutout value was a penny weaker at $88.82. Ribs were down the most with a $12.49 cwt. drop to $134.03. Federally inspected hog slaughter for Tuesday was estimated at 492,000 head. USDA revised Monday’s kill 5k lower, setting the week to date estimate at 979,000. That was still 14,000 above last week, but down 4,000 yr/yr.

Dec 20 Hogs are at $66.375, down $1.275,

Feb 21 Hogs are at $66.150, down $1.900

Apr 21 Hogs are at $68.600, down $1.775

--- provided by Brugler Marketing & Management




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