Lean Hogs

Lean hog futures finished the Tuesday session with most contracts 40 cents to $1.50 in the red. The CME Lean Hog Index on March 2 was down 40 cents from the previous day to $67.69. The USDA pork carcass cutout value was $1.70 lower at $77.92 in the Tuesday afternoon report. The belly primal was down $7.46. The national base hog weighted average price was 16 cents higher at $62.51. The USDA estimated week to date FI hog slaughter at 910,000 head. That is up 5,000 head from the previous week and 26,000 head more than the same time last year.

Market Commentary provided by:

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