Hogs Close Lower to End the Week

Lean hog futures were steady to 22 cents lower in the front months on Friday. The CME Lean Hog Index for Nov 24 was down 32 cents at $67.38. The weekly Export Sales report showed 18,844 MT in export bookings for the week ending 11/19. Weekly pork export Shipments were the largest since May at 40,935 MT.  China stepped up the shipping pace to ~14,400 MT. USDA’s National Pork Carcass Cutout value was up $1.61 cents to $79.96. USDA’s National Average Base Hog price was down 48 cents at $56.73 in the Friday PM report. USDA FI hog slaughter WTD through Saturday is 2.35 million head. That is not comparable to last week due to the holiday but 28,000 head larger than last year.

DEC 20 Hogs closed at $65.950, down $0.225,
FEB 21 Hogs closed at $67.450, down $0.225
APR 21 Hogs closed at $70.625, down $0.125

--- provided by Brugler Marketing & Management 

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