Lean Hogs Rally Triple Digits, Still Discount to Cash
Alan Brugler - Barchart - Fri Nov 06, 1:27PM UTC

Lean hog futures were up triple digits at the closing bell on Thursday in the first three contracts. The back month futures closed plus 65 to 77 cents. The CME Lean Hog Index was $72.05 on 11/03, down by another 83 cents. USDA’s National Average Base Hog price for 11/5 was 29 cents lower in the PM at $61.28. The National Pork Carcass Cutout value was $3.97 higher this afternoon at $86.38. USDA’s weekly data had accumulated 2020 pork exports at 1.596 MMT through 10/29. Federally inspected hog slaughter is 1.965 million head for the week through Thursday. That was running 5k below last year, but up 18k wk/wk.

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