Lean Hogs Top $90 In Nearby May Futures

Lean Hog futures turned cautious, with the exception of nearby May. May was up $1.27 broke the $90 mark. The CME Lean Hog Index was up 40 cents from the previous day @ $80.24 on April 16. The USDA pork carcass cutout value was $87.85 in the PM report, up 85 cents. The national average base hog was $77.93, up 75 cents. Estimated week to date FI hog slaughter was 1.858 million head through Thursday, up 3,000 from the previous week and 13,000 above last year. USDA reported pork export sales for the week ending April 11 were 40,300 MT. That’s still a big number, but down 56% from the shocker the previous week. Chinese purchases slowed to 23,500 MT. Pork shipments to China were similar to the previous week at 4,500 MT.

May 19 Hogs closed at $90.200, up $1.275,

Jun 19 Hogs closed at $96.750, up $0.625

Jul 19 Hogs closed at $100.550, down $0.075

--provided by Brugler Marketing & Management

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