Lean Hogs

Lean hog futures were mixed on Tuesday, with the nearby contracts steady to $1.55 higher and back months 5 to 32.5 cents lower. The CME Lean Hog Index for 12/21 was down 24 cents to $61.76. The USDA pork carcass cutout value was down 75 cents at $76.48 in the Monday afternoon report. The national base hog price was 7 cents higher at $56.59 on Monday afternoon. The USDA weekly FI hog slaughter was estimated at 467,000 head on Tuesday. That is up 23,000 head from the same week last year.

Market Commentary provided by:

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