Hogs End Red on Tuesday
Lean hogs closed $0.60 to $1.10 in the red, flipping Dec to net red for the week by 40 cents. USDA’s National Average Base Hog price was listed at $63.81 for Tuesday afternoon, down by $2.28. The CME Lean Hog Index was 23 cents lower to $76.05 on 11/10.
USDA’s National Pork Carcass Cutout Value was $0.83 stronger to $87.60. The CME Fresh Bacon Index was listed at $139.01, from $137.44 the week prior. USDA estimated the FI hog slaughter as 484k head for Tuesday, leaving the week’s total at 954k. That compares to 976k head last week and 970k head during the same week last year.
Dec 23 Hogs closed at $72.300, down $1.050,
Feb 24 Hogs closed at $75.925, down $1.100
Dec 23 Pork Cutout closed at $82.025, down $0.925,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
