Hogs Drop another Triple Digits.

Lean hog futures continue to drop, down by as much as $1.45 to follow yesterday’s triple digit losses. The cash market isn’t reading the same memos! The 11/15 CME Lean Hog Index was lower by $0.27, at $59.24. USDA’s pork carcass cutout value was up by 85 cents this morning, to $89.99. Most of the primal cuts were also higher, save for picnic and rib down 40 cents and $1.31 respectively. USDA’s national average base hog price gained 9 cents on 11/19, up to $42.23. The USDA estimated FI hog slaughter to be 493,000 head to start the week, near the daily slaughter record, from October 23rd, which was 493,189 head.

DEC 19 Hogs are at $62.375, down $0.375,

FEB 19 Hogs are at $68.800, down $1.425

APR 20 Hogs are at $74.900, down $1.450

--provided by Brugler Marketing & Management

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