Lean Hog Futures Finished Mixed

Lean hog futures were mixed with Dec down by 45 cents; the other nearbys ended mixed. Lean hog futures were lower on the week by 62 1/2 cents. The 12/04 CME Lean Hog Index was at 58.34, after an increase of 14 cents. In the weekly update from the CFTC, managed money was shown at 3,774 contracts net short for Lean Hog Futures. That is the second consecutive week the spec traders held a short position after a 36 consecutive week streak being net long. The pork carcass cutout value was up 72 cents and primal cuts were mostly higher. USDA’s national average base hog price for 12/05 was $0.08 lower to $46.59. USDA’s weekly total estimate for FI hog slaughter through Thursday was 2.799 million head through Saturday. That brings the YTD slaughter to 120.679 million head. ASF cases have been on the Eastern side of Poland since 2014, infecting both wild boar and domestic populations. Last week there were wild boars found to have the virus on the West side of the country. The West side of Poland has most of the hog production, and borders Germany which is the leading nation for EU pork production. As of today 200,000 wild boar have been culled in Poland, with 21 new cases of ASF discovered in the Western region. Through November Europe reported 300 cases of ASF in wild boar, and reported 84 cases of ASF in domestic hogs (78 domestic hog ASF were in Romania).

DEC 19 Hogs closed at $61.125, down $0.450,

FEB 19 Hogs closed at $67.550, down $0.025

APR 20 Hogs closed at $73.700, up $0.200

---provided by Brugler Marketing & Management




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