Lean Hogs

Lean hog futures are showing losses of $1.60 to $1.95 in most contracts on Wednesday. The CME Lean Hog Index on March 3 was down 17 cents from the previous day to $67.52. The USDA pork carcass cutout value was 56 cents lower at $77.36 in the Wednesday morning report. The ham led the way down $3.46. The national base hog weighted average price was 9 cents higher at $62.61. 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.

Apr 18 Hogs are at $66.575, down $1.625,

May 18 Hogs are at $72.300, down $1.950

Jun 18 Hogs are at $78.350, down $1.600

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