Lean Hog Futures up by Triple Digits

Lean hog futures are up so far, with triple digit gains for the nearbys. The last trading day is Friday for December hogs. The 12/06 CME Lean Hog Index was at $58.12, after a 35-cent fall. USDA’s morning pork carcass cutout value was higher, having gained 42.75 on the strength of the primal cuts. All the primal cuts were higher this morning with bellies leading the way on an $8.42 move. USDA’s national average base hog price for 12/10 was up $0.35 to $47.41. The USDA estimated hog slaughter to start the week with 496,000 head. USMCA has been revised in Washington, and with the expected approval in the House next week, is awaiting ratification before the trade agreement originally negotiated in the fall of 2018 will be signed into law; Mexico had already ratified the original agreement and has been abiding by it since June 20th.

Dec 19 Hogs are at $60.100, up $0.100,

Feb 20 Hogs are at $67.775, up $1.075

Apr 20 Hogs are at $74.075, up $1.100

---provided by Brugler Marketing & Management




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