Lean Hogs

Lean hog futures were mixed on Thursday, with most contracts higher and nearby May down 45 cents. The CME Lean Hog Index was up 22 cents from the previous day to $63.55 on May 8. The USDA pork carcass cutout value was up 54 cents at $72.58 on Thursday afternoon. The national base hog weighted average price was 40 cents higher at $61.13. The USDA estimated week to date FI hog slaughter at 1.835 million head through Thursday. That is 18,000 fewer than last week but well above this week last year. Pork export sale totaled 16,528 MT in the week that ended 5/3, down 6% from a year ago. Pork production was projected at 26.77 billion pounds in the USDA supply and demand report this morning, down 32 mil pounds from last month.

May 18 Hogs closed at $65.475, down $0.450,

Jun 18 Hogs closed at $77.325, up $0.750

Jul 18 Hogs closed at $78.075, up $0.475

Market Commentary provided by:

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