Lean Hogs

Lean hog futures are currently mixed with most front months steady to $1 higher. The CME Lean Hog Index was up 58 cents from the previous day to $65.23 on May 14 and continues to rise seasonally. The USDA pork carcass cutout value was down 7 cents at $74.17 on Wednesday morning. The loin was down $3.52. The national base hog weighted average price was 12 cents lower at $64.36 this morning. 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 are at $75.700, up $0.975,

Jul 18 Hogs are at $78.100, up $0.400

Aug 18 Hogs are at $77.475, up $0.025

Market Commentary provided by:

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