Mixed Hog Futures for Thursday

Lean hog futures are mixed. Net sales of 16,600 MT reported for the week ending 10/31 were 45 percent lower than the previous week, and 82 percent lower than the prior 4-week average. The weekly export sales report showed 33,545 MT were shipped, which was 3.2% above last week, and 32.7% above the same week last year. The weekly export data does not include all official export reports, which come out monthly with a lag. The Nov. 4 CME Lean Hog Index was lower by 52 cents, at $60.36. USDA’s pork carcass cutout value is down 78 cents at midday. Thursday’s national average base hog price was 46.98, at midday. The week to date USDA estimated Hog slaughter was 1.474 million head through Wednesday.

Dec 19 Hogs are at $64.225, down $0.550,

Feb 20 Hogs are at $73.550, up $0.775

Apr 20 Hogs are at $79.725, up $0.350

--provided by Brugler Marketing & Management

Market Commentary provided by:

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