Lean Hogs Market News and Commentary

Lean Hog futures posted 50 cent to $1.425 losses in most contracts on Friday, but Feb was still up 1.13% on the week. The CME Lean Hog Index was up 89 cents from the previous day @ $55.99 on January 9. The USDA pork carcass cutout value was up 50 cents on Friday afternoon at an average weighted price of $70.96. The national base cash hog carcass value was 20 cents lower in the PM report, with a weighted average of $50.88. This week’s FI hog slaughter through Saturday is estimated at 2.565 million head, which would be 125,000 head larger than the same week last year.

Feb 19 Hogs closed at $62.650, down $1.425,

Apr 19 Hogs closed at $67.350, down $0.500

May 19 Hogs closed at $72.875, down $1.025

--provided by Brugler Marketing & Management

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