Lean hog futures posted Monday gains of 7 to 95 cents across the board as pork stocks were tallied at a 14-year low for September. The national average base hog price was reported at $80.95 on Monday afternoon, up $5.29 from the previous day. The CME Lean Hog Index was reported at $85.43 on October 24, up 23 cents from the day prior.
USDA’s FOB plant pork cutout value was reported at $101.95 per cwt in the Monday PM release, up $3.01 from the day prior. All primals were reported higher, led by the loin (+$4.78) and belly (+$4.68). USDA estimated Monday’s FI hog slaughter at 488,000 head. That is even with the previous Monday and 13,045 head above than the same Monday last year.
Dec 24 Hogs closed at $80.625, up $0.950,
Feb 25 Hogs closed at $84.225, up $0.800
Apr 25 Hogs closed at $87.125, up $0.475,
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