Lean Hogs Market News and Commentary

Lean Hog futures are mixed, with contracts anywhere from 37.5 cents lower to 37.5 cents higher. April is up 7.5 cents as it converges with the Index at expiration today. The CME Lean Hog Index was up another 17 cents from the previous day @ $79.36 on April 10. The USDA pork carcass cutout value was $2.25 higher at $86.68 per cwt in the morning report, with just the Picnic reported lower. The national base hog carcass value was up $1.13 in the AM report, at an average weighted price of $75.69. Estimated FI hog slaughter was 1.855 million head through Thursday, down 44,000 from the previous week but still 26,000 above last year.

Apr 19 Hogs are at $79.300, up $0.075,

May 19 Hogs are at $88.775, up $0.375

Jun 19 Hogs are at $97.325, down $0.375

--provided by Brugler Marketing & Management




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