Lean Hogs Market News and Commentary

Lean Hog futures are currently 15 to 42.5 cents in the red at midday. The CME Lean Hog Index was up a penny from the previous day @ $51.94 on March 4. Futures have been anticipating an upturn in cash for several days. The USDA pork carcass cutout value was down 6 cents on Wednesday morning at an average weighted price of $62.53. The national base hog carcass value was up 6 cents in Wednesday’s AM report at a weighted average of $44.62. USDA estimated FI hog slaughter through Tuesday at 943,000 head. That was well above the previous week and 41,000 head larger than last year.

Apr 19 Hogs are at $57.450, down $0.450,

May 19 Hogs are at $65.975, down $0.425

Jun 19 Hogs are at $75.875, down $0.425

--provided by Brugler Marketing & Management




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