Hogs Rally in Afternoon Session

Lean hog trading erased midday losses and futures ended the session with 27 to 72 cent gains. The Fresh Bacon Index was $7.95 higher for the week, to $222.45. The CME Lean Hog Index for 10/22 was $78.54, 6 cents weaker. USDA’s National Average Afternoon Base Hog price was $62.30, up a sharp $3.59. The National Pork Carcass Cutout value $1.39 lower in USDA’s PM update, at $91.86. Bellies fell by $13.17, and offset gains for the majority of the other primal cuts. USDA’s Estimate for Monday’s FI hog slaughter is 492,000 head. That is 1k above the same week last year and up from 477 last Monday.

Dec 20 Hogs closed at $67.750, up $0.725,

Feb 21 Hogs closed at $67.650, up $0.725

Apr 21 Hogs closed at $70.075, up $0.350

--- provided by Brugler Marketing & Management




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