Lean Hogs Market News and Commentary

Lean Hog futures saw 32.5 to 82.5 cent losses in most contracts on Wednesday. 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 up 47 cents on Wednesday afternoon at an average weighted price of $63.06. The national base hog carcass value was up 33 cents in Wednesday’s PM report at a weighted average of $44.89. USDA estimated FI hog slaughter through Wednesday at 1.42 million head. That was well above the previous week and 67,000 head larger than last year.

--provided by Brugler Marketing & Management

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