Lean Hogs

Lean hog futures were 70 cents to $1.425 in the red on Tuesday. The CME Lean Hog Index was up 59 cents from the previous day to $64.65 on May 11. The USDA pork carcass cutout value was up 69 cents at $74.24 on Tuesday afternoon. The belly led the way, up $4.26. The national base hog weighted average price was $1.52 higher at $64.37 this afternoon. The USDA estimated FI hog slaughter at 920,000 head through Tuesday. That is 7,000 head more than last week and 39,000 above the same week in 2017.

Jun 18 Hogs closed at $74.725, down $1.425,

Jul 18 Hogs closed at $77.700, down $1.025

Aug 18 Hogs closed at $77.450, down $0.925

Market Commentary provided by:

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