Lean Hog Futures Finished Tuesday Mixed
BRUG - Tue Nov 26, 4:43PM CST

Lean hog futures made a recovery from midday lows, for the nearby Dec contracts it wasn’t enough as they closed with a 20 cent loss. The Feb and April made gains of 7 to 47 cents, and all other months were also higher. The 11/22 CME Lean Hog Index was $1.58 lower to $58.18. The USDA pork carcass cutout value was $1.75 lower, with belly being the only primal cut that was higher, having gained $1.35 on the day. USDA’s national average base hog price for 11/26 was $42.47, for a gain of 68 cents. USDA estimates FI hog slaughter for Tuesday at 495,000 head, to bring the weekly total up to 986,000 just 1,000 head below last week’s record setting pace.

Dec 19 Hogs closed at $60.825, down $0.200,

Feb 20 Hogs closed at $67.825, up $0.075

Apr 20 Hogs closed at $74.350, up $0.475

--provided by Brugler Marketing & Management




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