Lean Hogs

Lean hog futures finished the day with most contracts steady to 40 cents higher, as April expired at $53.825. New nearby May was 8.1% higher on the week. The CME Lean Hog Index was down 5 cents from the previous day on April 11 to $52.97. The USDA pork carcass cutout value was up 27 cents at $66.33 Friday afternoon, with the picnic and belly the only cuts reported lower. The national base hog weighted average price was 59 cents higher at $50.06. The USDA estimated FI hog slaughter at 2.385 million head through Saturday. That is up 50,000 head from last week and 158,000 from the same point last year.

Market Commentary provided by:

Brugler Marketing & Management LLC
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