Hogs Close Mixed, with Front Months Firming

Lean hog futures were mixed on Monday, as contracts were up 32 cents to $2.35 in the front months and 37 to 85 cents lower in the deferreds. USDA’s national base hog price was reported at $44.72 in the Monday afternoon report, down $1.49 from the day prior. The CME Lean Hog Index was down another $1.29 on November 5 at $61.57.

USDA’s pork carcass cutout value was up 16 cents in the Monday PM report, at $70.81. The loin and rib were the only primals reported higher. Federally inspected hog slaughter Monday was estimated at 496,000 head. That was 4,000 head above last week and 4,499 head larger than the same week last year.

Dec 26 Hogs  closed at $55.875, up $2.350,

Feb 27 Hogs  closed at $60.825, up $2.125

Apr 27 Hogs  closed at $66.825, up $0.325,