Lean Hogs

Lean hog futures are posting sharp $1.525 to $1.65 gains in most front months on Tuesday. The CME Lean Hog Index was up $1.35 on January 12 at $71.15. The USDA pork carcass cutout value was up 36 cents at $81.45 in the Tuesday morning report. The butt and picnic primals were both reported lower. The national base hog weighted average price was down 34 cents to $69.49 on Tuesday morning. The USDA FI hog slaughter was estimated at 393,000 on Monday, which is 75,000 larger than the same Monday last year, but 70,000 head lower than last week.

Feb 18 Hogs are at $73.125, up $1.550,

Apr 18 Hogs are at $75.850, up $1.525

May 18 Hogs are at $80.650, up $1.650




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