Hogs Using Expanded Limits to the Upside

Lean Hog futures are showing a triple digit bounce on Turnaround Tuesday, with Dec up $3.65. We have expanded limits of $4.50 following Monday’s losses. The CME Lean Hog Index was down a penny to $59.22 on Oct 4. Monday’s USDA pork carcass cutout value was 17 cents higher at $77.92 on Tuesday morning. The national average base hog value was up 75 cents on Tuesday, at $50.48. FI hog slaughter for Monday was estimated at 489,000 head by the USDA.

OCT 19 Hogs are at $61.750, up $1.250,

DEC 19 Hogs are at $67.900, up $3.650

FEB 20 Hogs are at $73.925, up $2.450

-- provided by Brugler Marketing & Management

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