Lean hog futures are falling $1.05 to $1.30 so far on Wednesday. USDA’s national base hog price was down $3.66 from the day prior in the Wednesday AM report at $68.01. The CME Lean Hog Index was down another 38 cents on October 19 at $73.02.

USDA’s pork carcass cutout value was down $1.42 in the Wednesday morning report, at $77.11. The butt, picnic, and ham primals were the reported higher. Federally inspected hog slaughter for Tuesday was estimated at 493,000 head, with the weekly total at 969,000 head. That is 12,000 head below last week and 825 head shy of the same week last year, as Monday was revised 19,000 head lower.

Dec 26 Hogs  are at $65.875, down $1.275,

Feb 27 Hogs  are at $68.075, down $1.100

Apr 27 Hogs are at $72.800, down $1.050,

On the date of publication, Austin Schroeder 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.

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