Lean Hogs Still Taking Big Swings
BRUG - Thu Nov 14, 7:30AM CST

Lean hog futures were 27 cents lower for Apr contracts, but Dec and Feb lost triple digits on Wednesday. The 11/11 CME Lean Hog Index was 50 cents lower at $58.94, going the wrong direction for a December futures contract that is carrying a premium. Wednesday’s pork carcass cutout value was down $1.52, while picnic and belly primals made gains of $150 and $1.37 respectively. The national average base hog price was 49 cents lower to $42.24 on Wednesday afternoon. The USDA estimated weekly FI hog slaughter as of 11/13 was 1.428 million head; that is 48,000 head behind last week’s pace.

--provided by Brugler Marketing & Management

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