Lean Hogs

Lean hog futures finished the Friday session mixed with Dec the only contracts lower, down 70 cents. The CME Lean Hog Index for 11/8 was down 41 cents to $67.94. The national base hog average was down 17 cents at $59.70 this afternoon. Week to date FI hog slaughter through Saturday is estimated at 2,495,000 head. That is 38,000 head larger than the previous week and 37,000 head above the same week in 2016. The USDA pork carcass cutout value was up 60 cents in the Friday afternoon report. The loin, picnic, and rib were lower on the day.

Dec 17 Hogs closed at $62.475, down $0.700,

Feb 18 Hogs closed at $70.250, up $0.025

Apr 18 Hogs closed at $74.050, up $0.025

Market Commentary provided by:

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