Hogs Higher Leading Up to Turkey-Day
Lean hog futures are up 35 to 60 cents at midday. December Pork Cutout futures are 42 cents higher on Wednesday. The CME Lean Hog Index for Nov 23 was down 13 cents at $67.70. USDA’s National Average Base Hog price was down 41 cents at $57.48 in the AM report. USDA’s National Pork Carcass Cutout value was up 56 cents on Wednesday morning to $78.14. USDA FI hog slaughter for Tuesday was again 497,000 head. The WTD total is 994,000, 24,000 more than last week and 11,000 larger than the same week in 2019.
| DEC 20 Hogs closed at $65.675, up $0.375, |
| FEB 21 Hogs closed at $67.350, up $0.600 |
| APR 21 Hogs closed at $70.575, up $0.350 |
| DEC 20 Pork Cutout closed at $80.550, up $0.425, |
--- provided by Brugler Marketing & Management
