Hogs Mostly Higher on Monday

Midday lean hog futures are up 12 to 42 cents after the weekend break, with Dec the exception- down 17 cents at midday. The CME Lean Hog Index was $76.81 on 10/01, up 7 cents. The Fresh Bacon Index from CME was $194.37 for the week ending 10/02. USDA’s National Average Base Hog price did not move from $63.32 this morning. USDA’s National Pork Carcass Cutout value was delayed this morning from technical difficulties, on Friday PM it was $92.15. USDA estimated the week’s FI hog slaughter at 2.603 million head through Saturday. That was down 57,000 from the same week last year.

Oct 20 Hogs are at $74.675, up $0.175,

Dec 20 Hogs are at $62.325, down $0.175

Feb 21 Hogs are at $67.900, up $0.225

--- provided by Brugler Marketing & Management

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