Lean Hogs

Lean hog futures finished the Wednesday session with losses of 40 cents to $1.65. The CME Lean Hog Index on March 3 was down 17 cents from the previous day to $67.52. The USDA pork carcass cutout value was a sharp $3.21 lower at $77.71 in the Wednesday afternoon report. The belly led the way down by $10.36, with the ham primal $4.67 lower.. The national base hog weighted average price was 21 cents higher at $62.73. The USDA estimated week to date FI hog slaughter at 1,355,000 head through Wednesday. That is down 14,000 head from the previous week but 31,000 head more than the same time last year.

Apr 18 Hogs closed at $67.800, down $0.400,

May 18 Hogs closed at $72.600, down $1.650

Jun 18 Hogs closed at $78.600, down $1.350

Market Commentary provided by:

Brugler Marketing & Management LLC
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