Lean hog futures are 22 to 60 points in the green ahead of the Tuesday afternoon Hogs and Pigs report. USDA’s national base hog price was reported at $68.02 on Tuesday morning. The CME Lean Hog Index was down 2 cents on December 19 at $83.71.
NASS will release their quarterly Hogs & Pigs report this afternoon, with analysts looking for December 1 hog inventory down 0.9% from last year. Hogs kept for breeding are seen down 0.9%, with market hogs expected to be down 0.8%.
