Lean Hogs Market News and Commentary

Lean Hog futures are mostly 30 cents to $1.05 lower on Thursday. The CME Lean Hog Index was down 20 cents from the previous day @ $57.16 on February 5. The USDA pork carcass cutout value was up 8 cents on Thursday morning at an average weighted price of $65.69. The national base cash hog carcass value was down 3 cents in the AM report, with a weighted average of $49.72. USDA estimated FI hog slaughter for the week at 1.429 million head through Wednesday. That is well above the previous week and 40,000 head larger than the same Wednesday last year. Delayed USDA export sales reporting for the week ending 12/27 showed 33,100 MT booked that week, with China buying 14,500 MT net.

Feb 19 Hogs are at $55.625, down $0.300,

Apr 19 Hogs are at $59.850, down $1.050

May 19 Hogs are at $67.900, down $0.475

--provided by Brugler Marketing & Management




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