Friday Hog Futures Finished Mixed
BRUG - Fri Nov 08, 4:47PM CST

Lean hog futures see increases of 12 to 17 cents for upcoming Feb and Apr contracts. Nearby Dec futures finished 17 cents lower, carrying a 32 1/2 cents loss on the week. Managed money was firm as of 11/5, keeping their CFTC position net long by 13,258 contracts and only a 4.2% reduction over last week. The 11/06 CME Lean Hog Index regained $0.03 to $60.19. USDA’s pork carcass cutout value was $2.03 higher on the day, with ham up the most $5.12. The national average base hog price was down 39 cents, closing the week at $44.95. This morning’s WASDE report updated 4th quarter pork production estimates to 7.46 billion lbs to bring the 2019 production to 27.620 billion lbs. The USDA estimated week total Hog slaughter is 2.693 million head through Saturday.

DEC 19 Hogs closed at $64.125, down $0.175,

FEB 19 Hogs closed at $73.900, up $0.125

APR 20 Hogs closed at $80.325, up $0.175

--provided by Brugler Marketing & Management

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