Lean Hogs

Lean hog futures are posting sharp losses in most contracts at midday, with nearby Feb $1.025 lower. The CME Lean Hog Index was up 38 cents on February 2 at $74.48. The USDA pork carcass cutout value was $1.67 higher at $81.79 in the Tuesday AM report. The butt and rib primal were the only cuts reported lower. The national base hog weighted average price was up 28 cents to $72.94. The USDA estimated FI hog slaughter at 466,000 on Monday. That is even with the previous week, and 29,000 head more than the same Monday last year.

Feb 18 Hogs are at $74.800, down $1.025,

Apr 18 Hogs are at $70.725, down $2.600

May 18 Hogs are at $76.575, down $1.725

Market Commentary provided by:

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