Lean hog futures are following up the sharply increased Monday commerce with combined Tuesday motion of down 20 to up 50 cents USDA’s nationwide base hog worth from Tuesday morning was reported at $82.19, down $2.10 from the day prior. The CME Lean Hog Index was down one other 64 cents on November 7 at $89.41.
USDA’s pork carcass cutout worth from the Tuesday AM report was again down 66 cents to $99.56 per cwt. The picnic, rib, and stomach had been the primals reported increased. USDA estimated federally inspected hog slaughter for Monday at 494,000 head. That’s 1,000 head above final Monday however 48,744 head above the identical week final 12 months.
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Dec 25 Hogs are at $82.575, down $0.200,
Feb 26 Hogs are at $83.300, up $0.475
Apr 26 Hogs is at $86.975, up $0.300,
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