Lean Hogs Market News and Commentary

Lean Hog futures are mixed on Thursday, with front months 32.5 to 65 cents higher and back months lower. The CME Lean Hog Index was down 9 cents from the previous day @ $51.85 on March 5. The USDA pork carcass cutout value was up $1.76 on Thursday morning at an average weighted price of $64.82. The national base hog carcass value was not reported due to confidentiality this morning, with the 5-day rolling average at $44.78. 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. Export sales of pork in the final week of February were 24,436 MT. Pork export shipments in December were reported at 526.062 million pounds. That was up 2.3% from last year and 2.5% larger than November. Exports to China were the largest for Dec since 2013 at 30.24 million pounds.

Apr 19 Hogs are at $57.725, up $0.650,

May 19 Hogs are at $66.325, up $0.325

Jun 19 Hogs are at $75.125, down $0.625

--provided by Brugler Marketing & Management

Market Commentary provided by:

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