Lean Hog futures are up 15 to 80 cents in most contracts at midday. The CME Lean Hog Index was down 36 cents from the previous day @ $56.53 on February 7. The USDA pork carcass cutout value was up 28 cents on Monday morning at an average weighted price of $65.10. The national base cash hog carcass value was not reported this morning due to confidentiality reasons, with a 5-day rolling average of $49.75. USDA estimated FI hog slaughter for last week at 2.516 million head including Saturday. That is well above the previous week and the same week last year.
Feb 19 Hogs are at $55.200, up $0.150,
Apr 19 Hogs are at $59.025, up $0.600
May 19 Hogs are at $66.800, up $0.400
--provided by Brugler Marketing & Management