Lean Hogs Market News and Commentary

Lean Hog futures are posting limit losses in most 2019 contracts, with nearby April UNCH ahead of Friday’s expiration. The CME Lean Hog Index was up another 15 cents from the previous day @ $78.68 on April 5. The USDA pork carcass cutout value was 6 cents lower at $83.23 per cwt in the morning report. The national base hog carcass value was down another 38 cents in the morning report, at an average weighted price of $75.01. Estimated FI hog slaughter was 475,000 head for Monday, down 1,000 from the previous week but 24,000 above last year. USDA cut projected 2019 pork production by 105 million pounds to 27.325 billion, on reductions to all but the second quarter.

Apr 19 Hogs are at $78.600, unch,

May 19 Hogs are at $86.450, down $3.000

Jun 19 Hogs are at $95.150, down $3.000

--provided by Brugler Marketing & Management

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