Lean Hogs Market News and Commentary

Lean Hog futures are mostly 25 to 60 cents in positive territory. The CME Lean Hog Index was up 38 cents from the previous day @ $53.63 on January 3. The USDA pork carcass cutout value was up $1.95 on Monday morning at an average weighted price of $71.65. The belly primal was a major reason, up $12.74. The national base cash hog carcass value was not reported this morning due to confidentiality reasons, with a 5-day rolling average of $47.12. 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.

Feb 19 Hogs are at $61.675, down $0.275,

Apr 19 Hogs are at $66.250, down $0.500

May 19 Hogs are at $72.850, down $0.600

--provided by Brugler Marketing & Management




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