Lean Hogs

Lean hog futures are mixed on Wednesday with nearby Feb UNCH at midday. The CME Lean Hog Index for 12/29 was up 51 cents at $62.23. The USDA pork carcass cutout value was down a penny in this morning’s report at $78.32. The belly and loin were the only cuts reported lower. The national base hog weighted average price was up $1.42 to $60.31. The USDA week to date FI hog slaughter was estimated at 460,000 million head. That is up 103,000 head from last week and 11,000 larger than the same week last year.

Feb 18 Hogs are at $70.725, unch,

Apr 18 Hogs are at $75.150, up $0.300

May 18 Hogs are at $79.550, down $0.250




Market Commentary provided by:

Brugler Marketing & Management LLC
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