Lean Hogs

Lean hog futures closed the Wednesday session with gains of 20 cents to $1.175. 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 up 15 cents at $74.39 on Wednesday afternoon. The loin was down $3.37, with all other primals higher. The national base hog weighted average price was 13 cents higher at $64.61 Wendesday afternoon. The USDA estimated FI hog slaughter at 1.38 million head through Wednesday. That is 6,000 head more than last week and 60,000 above the same week in 2017.




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