Hogs Triple Digits Higher at Close

Lean hog futures climbed triple digits through April, with 97 and 55 cent gains for May and June ’21 contracts respectively. Pork Cutout futures also closed higher with $0.90 to $1.40 gains. The CME Fresh Bacon Index for the week ending 11/27 fell another $3.09 to the lowest in 22 weeks @ $123.40 cwt. The CME Lean Hog Index for Nov 25 was down 21 cents to $67.15. USDA’s National Pork Carcass Cutout value was 13 cents stronger at $80.09 cwt. Picnic cuts were the largest mover with a $9.62 drop. USDA’s National Average Base Hog price for Monday AM was $56.67, up 15 cents. The Commitment of Traders report showed lean hog spec traders were 36,433 contracts net long. USDA’s FI hog slaughter for Monday was estimated at 497k head.

Dec 20 Hogs closed at $67.575, up $1.700,
Feb 21 Hogs closed at $68.575, up $1.325
Apr 21 Hogs closed at $71.400, up $1.025
Dec 20 Pork Cutout closed at $82.250, up $1.400,

--- provided by Brugler Marketing & Management




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