Lean Hogs

Lean hog futures are trading 20 to 65 cents in the red on Thursday. The CME Lean Hog Index on March 6 was up 14 cents from the previous day to $67.66. The USDA pork carcass cutout value was a sharp $2.45 lower at $72.26 in the Thursday morning report. The belly led the way down by $9.46, with the loin primal $2.22 lower. The national base hog weighted average price was 86 cents lower at $61.92. The USDA estimated week to date FI hog slaughter at 1,355,000 head through Wednesday. That is down 14,000 head from the previous week but 31,000 head more than the same time last year. Pork export sales during the week ending 3/1 were tallied at 19,859 MT. During January, pork export shipments totaled 486.448 million pounds, according to census data converted by the USDA. That was down 5.4% from December, but 6.2% larger than last January.

Apr 18 Hogs are at $67.600, down $0.200,

May 18 Hogs are at $72.300, down $0.300

Jun 18 Hogs are at $77.975, down $0.625




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