Lean hog futures posted mixed midweek trade, as contracts were up 35 cents to 50 cents lower. USDA’s national base hog price was reported at $37.52 on Wednesday afternoon down $2.32 from the day prior. The CME Lean Hog Index was down 29 cents on November 6 at $59.99.

USDA’s pork carcass cutout value was down 18 cents in the Wednesday PM report, at $69.34. The butt and picnic primals were the only reported higher. Federally inspected hog slaughter Tuesday was estimated at 462,000 head, taking the weekly total to 1.453 million head. That was 18,000 head below last week and 17,736 head larger than the same week last year.

Dec 26 Hogs  closed at $56.025, up $0.225,

Feb 27 Hogs  closed at $60.525, down $0.225

Apr 27 Hogs  closed at $66.475, down $0.425,

On the date of publication, Austin Schroeder did not directly have a position 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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