Hogs Higher at Midday

Front month lean hog futures are trading with midday gains of 32 to 80 cents, with Oct and Dec up triple digits. Cash market indicators had been climbing, but are mixed this morning. The CME Lean Hog Index was $77.26 on 10/02, up 45 cents. USDA’s National Average Base Hog price was $0.32 lower in the AM update at $64.23. USDA’s National Pork Carcass Cutout value was $94.50 down a nickel. The primal cuts were mixed, but bellies, up $18.73, and hams, down $13.54, were the biggest movers. 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 are at $76.050, up $1.300,

Dec 20 Hogs are at $63.825, up $1.175

Feb 21 Hogs are at $68.975, up $0.800

--- provided by Brugler Marketing & Management




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