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.

--provided by Brugler Marketing & Management