Lean Hogs

Lean hog futures were mixed on Thursday, with nearby Feb down 45 cents and back months higher. The CME Lean Hog Index on February 6 was at $75.38, up 54 cents from the previous day. The USDA pork carcass cutout value was 42 cents lower at $76.92 in the Thursday PM report. The national base hog weighted average price was down $1.26 cents at $69.59 Thursday afternoon. The USDA estimated FI hog slaughter at 1,858,000 through Thursday. That is down 3,000 head from the previous week but 96,000 head more than the same time last year. Pork export shipments were at a MY high of 24,068 MT last week, up 8.4% from the previous week and 9.1% larger than the same week in 2017.




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