Lean Hogs Continue Volatile Trade

Lean Hog futures posted a triple digit bounce on Turnaround Tuesday, with Dec up $3.15. We will revert back to the usual $3 limits today. The CME Lean Hog Index was down a penny to $59.22 on Oct 4. The USDA pork carcass cutout value for Tuesday was 30 cents lower at $77.45 in the afternoon report. The national average base hog value was up $2.28 on Tuesday, at $52.01. FI hog slaughter for this week through Tuesday was estimated at 973,000 head by the USDA. That is down 6,000 head from last week as Monday’s kill was revised 5,000 head lower but is still 48,000 head above last year.

-- provided by Brugler Marketing & Management




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