Lean Hogs Market Commentary

Lean hog futures were 57 cents higher to $1.07 lower on Friday, with contracts past December in the minus column. The CME Lean Hog Index was down 6 on October 10 @ $69.28. The USDA pork carcass cutout value was $1.43 higher in the afternoon report at $80.04. The national base hog carcass value was 24 cents lower at a weighted average of $61.45. Weekly FI hog slaughter was estimated at 2.489 million head. That was down 14,000 head from last week and 23,000 head below the same week last year. US pork shipments counted by USDA last week were the largest since May at 24,813 MT.

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Market Commentary provided by:

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