Lean Hog Futures up by Triple Digits
BRUG - Tue Dec 10, 4:07PM CST

Lean hog futures closed with gains of $1.12 to $1.25. The last trading day is Friday for December hogs, which were 50 cents higher on the day. The 12/06 CME Lean Hog Index was at $58.12, after a 35-cent fall. USDA’s pork carcass cutout value was higher, having gained $1.14 on the strength of the primal cuts. Afternoon bellies showed its volatile nature again, as it was 1.06 lower since being $8.42 higher in the morning; all other primals remained higher. USDA’s national average base hog price for 12/10 was another 62 cents higher to $47.68. 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 its original terms since June 20th. Tuesday added 494,000 head to the USDA estimated hog slaughter, pushing the weekly total to 985,000 head.

Dec 19 Hogs closed at $60.500, up $0.500,

Feb 20 Hogs closed at $67.825, up $1.125

Apr 20 Hogs closed at $74.200, up $1.225

---provided by Brugler Marketing & Management

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