Lean Hogs

Lean hog futures were 5 cents to $1.475 higher on Thursday. The CME Lean Hog Index was down 48 cents from the previous day on April 10 to $53.02. The USDA pork carcass cutout value was up 20 cents at $66.06 this afternoon. The national base hog weighted average price was $1.48 higher at $49.29. The USDA estimated FI hog slaughter at 1.832 million head through Thursday. That is up 54,000 head from the same point last year. Pork shipments for the week of 4/5 were shown at 22,916 MT, 14% above last week and 5.8% larger than last year. Export commitments of pork are now 5.9% larger than last year at this time.

Market Commentary provided by:

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