Lean hog futures are posting $1.10 to $1.90 gains in most contracts on Monday. The CME Lean Hog Index was down 29 from the previous day @ $68.99 on October 11. The USDA pork carcass cutout value was $1.41 higher on Monday morning report at $81.46. The national base hog carcass value was $1.03 lower at a weighted average of $60.37 this morning. Weekly FI hog slaughter was estimated at 2.489 million head. That was down 14,000 head from last week and 23,000 head below the same week last year.
Dec 18 Hogs are at $56.875, up $1.875,
Feb 19 Hogs are at $64.000, up $1.775
Apr 19 Hogs are at $69.250, up $1.325
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