Lean Hogs

Lean hog futures saw sharp losses in most contracts on Thursday, with the front months $1.55 to $1.95 lower. The CME Lean Hog Index was up 72 cents on January 8 at $66.37. The USDA pork carcass cutout value was down 41 cents at $79.04 in the Thursday afternoon report. The national base hog weighted average price was down 9 cents to $69.42. The USDA week to date FI hog slaughter was estimated at 1,815,000 head through Thursday. That is up 95,000 head from the same week last year. The USDA reported pork export sales of 12,600 MT for the first week of 2018. There were also 84,700 MT in unshipped sales from 2017 rolled to 2018.

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