Lean Hogs

Lean hog futures are mostly 10 to 50 cents in the red at midday. The CME Lean Hog Index was down 5 cents from the previous day on April 11 to $52.97. The USDA pork carcass cutout value was up 79 cents at $66.85 this morning, with the picnic the only cut reported lower. The national base hog weighted average price was 20 cents lower at $49.27. 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. Export commitments of pork are now 5.9% larger than last year at this time.

Apr 18 Hogs are at $53.800, down $0.500,

May 18 Hogs are at $69.150, down $0.175

Jun 18 Hogs are at $77.150, down $0.100

Market Commentary provided by:

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