Lean Hogs

Lean hog futures are mostly 50 cents to $1.95 lower on Wednesday. The CME Lean Hog Index on February 5 was at $74.84, up 36 cents from the previous day. The USDA pork carcass cutout value was 43 cents higher at $78.66 in the Wednesday AM report. The ham was the only cut reported lower. The national base hog weighted average price was down 22 cents at $72.38 this morning. 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. Exports of pork during December totaled 514.317 million pounds, a record for that month but 2.9% lower than November. During 2017, the US shipped 5.632 billion pounds of pork, up 5.9% from 2016 and an all time yearly record.

Feb 18 Hogs are at $74.250, down $0.500,

Apr 18 Hogs are at $69.475, down $1.950

May 18 Hogs are at $75.400, down $1.700




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