Friday Hog futures Mixed

Lean hog futures are mixed so far this Friday, Basis firmed 27 cents yesterday as the CME Lean Hog Index dropped 20 cents, to $60.16 for 11/05. USDA’s pork carcass cutout value was $2.10 higher this morning. The national average base hog price was unchanged at $45.21. This morning’s WASDE report updated 4th quarter pork production estimates to 7.46 billion lbs to bring the 2019 production to 27.620 billion lbs. USDA official weekly hog slaughter under federal inspection was 2,690,305 million head, at an average dressed weight of 213 lbs for the week ending 10/26. The week to date USDA estimated Hog slaughter is 1.895 million head

DEC 19 Hogs are at $64.325, up $0.025,

FEB 19 Hogs are at $73.625, down $0.150

APR 20 Hogs are at $79.900, down $0.250

--provided by Brugler Marketing & Management

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