Lean hog futures were $1.07 to $2.07 higher in the nearby contracts on Monday. December Pork Cutout futures were up $1.55 The CME Lean Hog Index for Nov 19 was down another 63 cents at $68.14. The Fresh Bacon index was down $14.28 to $126.49 as of 11/20. USDA’s National Average Base Hog price was down 50 cents at $58.33 in the PM report. USDA’s National Pork Carcass Cutout value was down 40 cents on Monday afternoon. The ham saw a $5.62 drop as wholesale buying ahead of Thanksgiving slows. The monthly Cold Storage report tallied 10/31 pork stocks at 448.157 million lbs. That is the lowest for any month since Aug 2011 and down from a year ago by 26.76%. Multiple primal cuts saw multi-year lows for October. USDA FI hog slaughter for Monday was 497,000 head, 20,000 more than last week and 4,000 larger than the same week in 2019.
| DEC 20 Hogs closed at $65.200, up $1.075, |
| FEB 21 Hogs closed at $67.225, up $1.875 |
| APR 21 Hogs closed at $70.300, up $2.075 |
| DEC 20 Pork Cutout closed at $80.850, up $1.550, |
--- provided by Brugler Marketing & Management
