Hogs Mostly Higher on Tuesday

Front month lean hog futures ended the Tuesday session with gains of 20 to 50 cents. Dec hogs, on the other hand closed down by 55 cents to $65.40. The CME Lean Hog Index for 10/30 was down another $1.01 to $73.48. USDA’s National Average Afternoon Base Hog price for Tuesday was up 17 cents to $60.13. The National Pork Carcass Cutout value was $82.99 in the PM update, down by $1.15. The primals were mostly higher, but were offset by a $9.85 cwt drop in hams. USDA estimates the FI hog slaughter for Tuesday at 493,000 head. WTD hog slaughter is running 7,000 head above last week’s pace and 4k above the same week last year with 986,000.

Dec 20 Hogs closed at $65.400, down $0.550,

Feb 21 Hogs closed at $65.525, up $0.225

Apr 21 Hogs closed at $68.175, up $0.200

--- provided by Brugler Marketing & Management





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