Hog Market Higher on Monday

Lean hog futures closed the first trade day of the week 15 to 55 cents higher. 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 was $1.16 higher in the PM update at $64.48. USDA’s National Pork Carcass Cutout value was $2.85 higher to $95 flat. All of the primal cuts were higher, with the weakest gain coming as a 32 cent cwt. increase for butts. Monday’s FI hog slaughter was estimated at 489,000 head. That starts the week even with LW but 4k head above LY.

Oct 20 Hogs closed at $74.750, up $0.250,

Dec 20 Hogs closed at $62.650, up $0.150

Feb 21 Hogs closed at $68.175, up $0.500

--- provided by Brugler Marketing & Management

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