Lean Hogs

Lean hog futures posted triple digit losses in most contracts on Tuesday, with nearby Feb down $1.075. The CME Lean Hog Index was up 38 cents on February 2 at $74.48. The USDA pork carcass cutout value was $1.89 lower at $78.23 in the Tuesday PM report. The loin was the only cut reported higher, as the belly was down a sharp $8.51 again today. The national base hog weighted average price was UNCH at $72.66 this afternoon. The USDA estimated FI hog slaughter at 927,000 through Tuesday. That is down 6,000 head from the previous week and 43,000 head more than the same time last year.

Feb 18 Hogs closed at $74.750, down $1.075,

Apr 18 Hogs closed at $71.425, down $1.900

May 18 Hogs closed at $77.100, down $1.200

Market Commentary provided by:

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