Lean Hogs

Lean hog futures ended the day with most contracts 10 to 50 cents lower, as a few deferred contracts were higher. The CME Lean Hog Index for 12/22 was down 14 cents to $61.62. The USDA pork carcass cutout value was up 54 cents at $77.02 in the Wednesday afternoon report. The butt and picnic were the only cuts reported lower. The national base hog price was 65 cents higher at $57.29 on Wednesday afternoon. The USDA weekly FI hog slaughter was estimated at 821,000 head through Wednesday. That is down 62,000 head from the same week last year.

Market Commentary provided by:

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