Hog Futures See Triple Digit Losses at Midday

Lean hog futures are mixed so far, with Dec futures making a small 7 cent gain, and Feb and Apr contracts drop triple digits. The 11/14 CME Lean Hog Index was one cent higher to $59.51. USDA’s early pork carcass cutout value was $1.88 higher. The Belly primal, again, showed us it’s volatility, up by 16.90 cents. The national average base hog price is down by 27 cents out of the weekend, shown at $41.98. The USDA estimated FI hog slaughter through Saturday was 2.749 million head on the week, which was 56,000 head more than last week’s total. The YTD hog slaughter is estimated at 112.762 million head as of 11/16, up 3.7% from 2018.

DEC 19 Hogs are at $63.275, up $0.075,

FEB 19 Hogs are at $70.700, down $1.300

APR 20 Hogs are at $76.925, down $2.050

--provided by Brugler Marketing & Management

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