Lean Hogs

Lean hog futures are posting 70 cent to $1.675 losses on Tuesday. The CME Lean Hog Index for 9/8 was $1.02 lower than the previous day at $67.92. The USDA pork carcass cutout value was $1.74 lower in the Tuesday morning report, with a weighted average of $80.34. The ham was the only cut reported higher. The national base hog carcass was down 92 cents in the AM report at 56.24. Estimated FI hog slaughter was 450,000 through Monday, 9,000 larger than the same week in 2016. Pork production for 2017 was raised 35 million pounds by the USDA this morning to 25.841 billion pounds.

Oct 17 Hogs are at $59.900, down $1.675,

Dec 17 Hogs are at $57.450, down $1.175

Feb 18 Hogs are at $62.975, down $0.700

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