Lean Hogs Get Clarification on Export Reporting
BRUG - Tue Nov 26, 7:24AM CST

Lean hog futures finished mixed after Monday’s session, Feb and April recovered from midday lows to finish with 10 to 17 cent gains. The CME Fresh Bacon Index was up by 23 cents over last week to $162.89. The CME Lean Hog Index was bumped back up by 22 cents, to $59.76 for 11/21. The USDA pork carcass cutout value gained $0.94, with hams being the only primal cut lower (by $2.48 per cwt). USDA’s national average base hog price for 11/25 was $41.78. The USDA published a revision to their FAS terminology, essentially clarifying the specifics of what muscle cuts are, and that the category does includes carcasses. USDA estimates FI hog slaughter for Monday to be 491,000 head.

--provided by Brugler Marketing & Management

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