Lean hog futures are showing mixed trade at midday, with nearby December down 7 cents and other contracts up 15 to 20 cents. USDA’s national base hog price was not reported on Friday morning due to thin trade. The CME Lean Hog Index was down another 67 cents on October 21 at $72.15.

USDA’s pork carcass cutout value was up 78 cents in the Friday morning report, at $76.01. The rib and ham primals were the only reported lower. Federally inspected hog slaughter for Thursday was estimated at 497,000 head, with the weekly total at 1.951 million head. That is 20,000 head below last week and 16,330 head above of the same week last year, Wednesday was revised 5,000 head lower.

Dec 26 Hogs  are at $65.475, down $0.075,

Feb 27 Hogs  are at $67.600, up $0.175

Apr 27 Hogs are at $72.600, up $0.150,

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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