Lean Hogs Market News and Commentary

Lean Hog futures closed with losses of 10 to 75 cents on Friday. Feb was back up 2.14% for the full week. The CME Lean Hog Index was up 20 cents from the previous day @ $53.25 on January 2. The USDA pork carcass cutout value was up 20 cents on Friday afternoon at an average weighted price of $69.70. The national base cash hog carcass value was 79 cents higher in the PM report, with a weighted average of $48.22. Last week’s FI hog slaughter was estimated at 2.262 million head including a big Saturday kill, which is 140,000 head above last year.

--provided by Brugler Marketing & Management

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