Lean Hogs

Lean hog futures finished the Tuesday trade session with most contracts 40 cents to $1.50 in the red. The CME Lean Hog Index on March 2 was down 40 cents from the previous day to $67.69. The USDA pork carcass cutout value was $1.70 lower at $77.92 in the Tuesday afternoon report. The butt was the only cut reported higher, with the belly down $7.46. The national base hog weighted average price was 16 cents higher at $62.51. The USDA estimated FI hog slaughter on Monday at 910,000 head. That is up 5,000 head from the previous week and 26,000 head more than the same time last year.

Apr 18 Hogs closed at $68.200, down $0.600,

May 18 Hogs closed at $74.250, down $1.500

Jun 18 Hogs closed at $79.950, down $1.025

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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