Lean Hogs

Lean hog futures ended the Monday session with most contracts lower, as nearby Feb was up 62.5 cents. The CME Lean Hog Index was up 23 cents on February 1 at $74.10. The USDA pork carcass cutout value was $1.51 lower at $80.12 in the Monday PM report. Most cuts were higher, however the ham was down $1.63 and the belly $8.41 lower. The national base hog weighted average price was down 5 cents to $72.63. The USDA estimated FI hog slaughter at 466,000 on Monday. That is even with the previous week, and 29,000 head more than the same Monday last year.

Feb 18 Hogs closed at $75.825, up $0.625,

Apr 18 Hogs closed at $73.325, down $0.225

May 18 Hogs closed at $78.300, down $1.025

Market Commentary provided by:

Brugler Marketing & Management LLC
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