Lean Hogs

Lean hog futures are mixed at midday, with nearby April up 27.5 cents. The CME Lean Hog Index on February 28 was $68.36, down 21 cents from the previous day. Pork export commitments are 6.6% larger than a year ago. The USDA pork carcass cutout value was 97 cents higher at $78.35 in the Friday AM report, with only the belly and ham lower. The national base hog weighted average price was down 14 cents at $62.20. The USDA estimated FI hog slaughter at 1,834,000 through Thursday. That is up 32,000 head from the previous week and 66,000 head more than the same time last year.

Apr 18 Hogs is at $67.250, up $0.275,

May 18 Hogs is at $74.300, down $0.250

Jun 18 Hogs is at $79.750, down $0.325

Market Commentary provided by:

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