Lean Hogs

Lean hog futures finished the day with most contracts steady to 40 cents higher, as April expired at $53.825. New nearby May was 8.1% higher on the week. The CME Lean Hog Index was down 5 cents from the previous day on April 11 to $52.97. The USDA pork carcass cutout value was up 27 cents at $66.33 Friday afternoon, with the picnic and belly the only cuts reported lower. The national base hog weighted average price was 59 cents higher at $50.06. The USDA estimated FI hog slaughter at 2.385 million head through Saturday. That is up 50,000 head from last week and 158,000 from the same point last year.




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