Hogs Head Higher into the Holiday
Lean hog futures ended the Wednesday session with gains of 67 cents to $1.07 in the nearby contracts. December Pork Cutout futures were $1.07 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 50 cents at $57.39 in the PM report. USDA’s National Pork Carcass Cutout value was up 77 cents on Wednesday afternoon to $78.35. USDA FI hog slaughter for Wednesday was again 494,000 head. The WTD total is 1.462 million head, 24,000 more than last week and 26,000 larger than the same week in 2019.
| DEC 20 Hogs closed at $66.300, up $1.000, |
| FEB 21 Hogs closed at $67.825, up $1.075 |
| APR 21 Hogs closed at $70.900, up $0.675 |
| DEC 20 Pork Cutout closed at $81.200, up $1.075, |
--- provided by Brugler Marketing & Management
