Lean hog futures were down 37 to 70 cents on Monday. Open interest was down 1,093 contracts. USDA’s national base hog price was reported at $71.68 on Monday afternoon, down 41 cents from the day prior. The CME Lean Hog Index was down another 35 cents on November 26 at $81.92.
USDA showed 38,790 MT of pork sold of export in the week of 10/23, a 4-week high. Shipments were an 18-week high at 31,317 MT.
