Lean Hogs Still Trying to Move More Product

Lean hog futures were mixed on Veterans Day, down as much as 82 cents for nearby contracts, and gains of 32 cents for Apr. The CME Lean Hog Index regained $0.10 yesterday, to $60.29. The pork carcass cutout value gained $3.87 on the day, up to $85.47; the biggest gainers were ham and belly cuts. The national average base hog price was updated this afternoon to $45.12. The USDA estimated FI hog slaughter for Monday’s holiday is 444,000 head; the weekly total from last week reached 2.693 million head.

--provided by Brugler Marketing & Management




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