Hogs See Continued Lower Cash and Pork Prices

Lean hog futures closed the Monday session with mixed action, as front months were down a nickel to 30 cents and back months trending higher. Open interest was up 1,145 contracts. USDA’s national base hog price from Monday afternoon was reported at $89.74, down 40 cents from the day prior. The CME Lean Hog Index was down 47 cents on October 16 at $96.12. 

USDA’s pork carcass cutout value from the Monday afternoon report was down 62 cents to $102.08 per cwt. The loin, butt, and belly were the primals reported lower. USDA estimated federally inspected hog slaughter on Monday at 492,000 head. That is up 7,000 head from last week and 10,917 head below the same week last year.

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Dec 25 Hogs  closed at $82.075, down $0.300,

Feb 26 Hogs  closed at $84.725, down $0.050

Apr 26 Hogs  closed at $88.950, up $0.300,