Lean Hogs

Lean hog futures are mixed at midday, with nearby May down 45 cents and other front months up 15 to 30 cents. The CME Lean Hog Index was up 26 cents from the previous day on April 12 to $53.23. The USDA pork carcass cutout value was up 89 cents at $67.22 this morning, with the belly the only cut reported lower. The national base hog weighted average price was 3 cents lower at $50.10. The IA/MN region was $3.41 lower, with the WCB down $3.30 The USDA estimated FI hog slaughter at 2.385 million head through Saturday. That was up 50,000 head from last week and 158,000 from the same point last year.

May 18 Hogs are at $69.250, down $0.450,

Jun 18 Hogs are at $77.950, up $0.300

Jul 18 Hogs are at $79.725, up $0.150

Market Commentary provided by:

Brugler Marketing & Management LLC
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