Hogs See Gains on Wednesday

Lean Hog futures are up $0.70 to $2.25 at midday. The CME Lean Hog Index rose $0.37 to $59.59 on Oct 7. The USDA pork carcass cutout value dropped $2.03 at Wednesday’s midday, to $75.42. Primal cuts were mostly down at midday with butt gaining $1.09 and ham seeing $0.73 increases. The national average base hog value was up 35 cents on Wednesday, at $52.59. 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.

OCT 19 Hogs are at $62.400, up $0.700,

DEC 19 Hogs are at $69.375, up $1.975

FEB 20 Hogs are at $75.525, up $1.925

-- provided by Brugler Marketing & Management

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