Lean hog futures are mixed on Tuesday, with the front months 20 to 60 cents lower and April up 12 cents. December Pork Cutout futures are $1.10. The CME Lean Hog Index for Nov 20 was down another 31 cents at $67.83. USDA’s National Average Base Hog price was down 39 cents at $57.93 in the AM report. USDA’s National Pork Carcass Cutout value was up 4 cents in the morning report. The monthly Cold Storage report found Oct 31 pork stocks were 448.157 million lbs. That is the lowest for any month since Aug 2011 and down 26.76% from year ago. 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. Chinese import data shows 330,000 MT of pork imported during October, 80.4% above last year. That brings the calendar year total to 3.62 MMT, up 126.2% from a year ago.
| DEC 20 Hogs are at $64.750, down $0.200, |
| FEB 21 Hogs are at $66.525, down $0.600 |
| APR 21 Hogs are at $70.325, up $0.125 |
| DEC 20 Pork Cutout is at $79.800, down $1.100, |
--- provided by Brugler Marketing & Management
