Lean Hogs Market News and Commentary

Lean Hog futures are mixed at midday, with most contracts 52.5 cents to $1.375 lower and Feb up 7.5 cents. The CME Lean Hog Index was down 27 cents from the previous day @ $56.89 on February 6. The USDA pork carcass cutout value was down 94 cents on Friday morning at an average weighted price of $64.17. The national base cash hog carcass value was down 23 cents in the PM report, with a weighted average of $49.52 USDA estimated FI hog slaughter for the week at 1.885 million head through Thursday. That is well above the previous week and 41,000 head larger than the same week last year. The 2018 US pork production number was increased by just 10 million lbs to 26.32 billion by the USDA this morning

Feb 19 Hogs are at $55.350, up $0.075,

Apr 19 Hogs are at $58.725, down $0.875

May 19 Hogs are at $66.825, down $0.525

--provided by Brugler Marketing & Management

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