Lean Hogs

Lean hog futures settled mixed on Friday, with nearby April up 60 cents. The CME Lean Hog Index on February 28 was $68.36, down 21 cents from the previous day. US Pork export commitments were 6.6% larger than a year ago through February 22. The USDA pork carcass cutout value was 73 cents higher at $78.11 in the Friday afternoon report, with loins adding the value. Bellies were down more than 9% for the week. The national base hog weighted average price was down 5 cents at $62.29. The USDA estimated weekly FI hog slaughter at 2.417 million head. That is up 28,000 head from the previous week and 101,000 head more than the same time last year.

Market Commentary provided by:

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