Lean hog futures closed on Tuesday, December 13, with prices steady to 35 cents lower. The national average base hog price decreased by $1.60 to $77.79, while the CME Lean Hog Index was reported at $83.84, down 6 cents from the previous day.
The USDA reported a decline in the pork cutout value, which fell by 50 cents to $94.77 per cwt. The estimated hog slaughter for Tuesday was 488,000 head, bringing the weekly total to 975,000 head—2,000 head below the previous week but up by 7,192 head compared to the same week last year.
February 25 hogs closed at $83.200, down $0.350; April 25 hogs closed at $88.050, down $0.200; and May 25 hogs closed at $91.700, down $0.275.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
