Lean Hogs Market News and Commentary

Lean Hog futures are steady to 25 cents lower in the nearby contracts, with deferred contracts higher. The CME Lean Hog Index was up 40 cents from the previous day @ $52.38 on March 11. The USDA pork carcass cutout value was up 17 cents on Wednesday morning at an average weighted price of $67.79. The national base hog carcass value was down 36 cents in the AM report at an average weighted price of $49.19. USDA estimated the weekly FI hog slaughter was at 952,000 head on Tuesday, 9,000 head larger than last week and 29,000 head above last year.

Apr 19 Hogs are at $63.650, unch,

May 19 Hogs are at $71.550, down $0.200

Jun 19 Hogs are at $80.200, down $0.050

--provided by Brugler Marketing & Management




Market Commentary provided by:

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