Lean Hogs

Lean hog futures are mostly 40 to 50 cents in the green at midday. The CME Lean Hog Index on March 9 was down 47 cents from the previous day to $67.05. The USDA pork carcass cutout value was 97 cents higher at $75.85 in the Tuesday AM report. The loin, ham, and belly cuts were reported higher. The national base hog weighted average price was $1 lower at $59.50 on Tuesday morning. The USDA estimated FI hog slaughter at 460,000 head on Monday. That is up 10,000 head from the previous week and 21,000 head more than the same week last year.

Apr 18 Hogs are at $68.100, up $0.425,

May 18 Hogs are at $71.700, up $0.475

Jun 18 Hogs are at $77.525, up $0.475

Market Commentary provided by:

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