Lean Hogs Struggle With Record Production

Lean hog futures finished Monday with losses. The nearby Dec gave up a small midday gain and finished with a $0.45 drop, whereas Feb and Apr contracts stayed negative triple digits all day. The 11/14 CME Lean Hog Index was one cent higher to $59.51. USDA’s afternoon pork carcass cutout value was $1.01 higher, with most of the primal cuts making gains on the day, save for loins which were down by $1.44. The national average base hog price is down by 10 cents out of the weekend, shown at $42.15. The USDA estimated FI hog slaughter to be 493,000 head to start the week.

--provided by Brugler Marketing & Management

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