Hogs are Mixed on Thursday

Lean Hog futures trading 45 cents higher in the front month, with other nearby contracts lower. The CME Lean Hog Index was up 78 cents to $57.83 on Oct 1. The USDA pork carcass cutout value was up $2.24 to $76.36 on Thursday morning. Primal cuts are Mixed at midday Thursday. The national average base hog value was 94 cents lower at $49.21. FI week to date estimated hog slaughter is 1.468 million head. USDA tallied pork export bookings at 30,974 MT in the week of 9/26, with 10,700 MT for Mexico. Shipments were 23,152 MT in that week. Last week’s exports to China were 6,022 MT of pork with 2019 sales 1,350 MT and 2020 sales of 3,483 MT. African Swine Fever continues to be a problem for Southeastern Asian countries, as South Korea confirmed another 2 cases, with Vietnam and China also experiencing huge herd losses.

OCT 19 Hogs are at $62.650, up $0.450,

DEC 19 Hogs are at $68.550, down $0.550

FEB 20 Hogs are at $75.450, down $0.375

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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