Lean Hog Futures Staring At Weak Cash Prices
BRUG - Wed Nov 27, 7:26AM CST

Lean hog futures were mostly higher yesterday, from 7 to 117 cents. The exception was nearby December, down 20 cents due to the weakness in the Index. 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.

--provided by Brugler Marketing & Management

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