Lean Hogs

Lean hog futures are up $1.55 to $1.625 in most nearby contracts, with expiring Feb up 15 cents. The CME Lean Hog Index on February 12 was $74.30, down 42 cents from the previous day. The USDA pork carcass cutout value was 30 cents lower at $77.20 in the Wednesday AM report. The belly was the only cut reported higher. The national base hog weighted average price was down 73 cents at $67.00 Wednesday morning. The USDA estimated week to date FI hog slaughter at 924,000 through Tuesday. That is down 3,000 head from the previous week but 52,000 head more than the same time last year.

Feb 18 Hogs are at $73.500, up $0.150,

Apr 18 Hogs are at $70.975, up $1.550

May 18 Hogs are at $76.750, up $1.625

Market Commentary provided by:

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