Hogs Mixed at Tuesday’s Close

Lean hog futures closed the Tuesday session with nearby contacts mixed, as Dec was up 52 cents. December Pork Cutout futures were down 55 cents. The CME Lean Hog Index for Nov 20 was down another 31 cents at $67.83. USDA’s National Average Base Hog price was down 45 cents at $57.87 in the afternoon report. USDA’s National Pork Carcass Cutout value was back down 19 cents in the PM release to $77.58. USDA FI hog slaughter for Tuesday was again 497,000 head. The WTD total is 994,000, 24,000 more than last week and 11,000 larger than the same week in 2019. Chinese data shows 330,000 MT of pork imported during October, 80.4% above last year. That brings the calendar year total to 3.62 MMT, up 126.2% from a year ago.

DEC 20 Hogs closed at $65.475, up $0.525,
FEB 21 Hogs closed at $66.825, down $0.300
APR 21 Hogs closed at $70.300, up $0.100
DEC 20 Pork Cutout closed at $80.350, down $0.550,

--- provided by Brugler Marketing & Management 

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