Lean Hogs

Lean hog futures posted losses of 25 cents to $1.525 on Monday. The CME Lean Hog Index was up 26 cents from the previous day on April 12 to $53.23. The USDA pork carcass cutout value was up $1.82 at $68.15 yesterday afternoon, with all cuts reported higher. The national base hog weighted average price was 69 cents higher at $50.82 in the Monday afternoon report. Packer margins still appear to be respectable. The USDA estimated FI hog slaughter at 464,000 head on Monday. That was up 16,000 head from last week and up 160,000 from the same Monday last year.

Market Commentary provided by:

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