Lean Hogs

Lean hog futures are a nickel to 32.5 cents lower on Friday. The CME Lean Hog Index on February 7 was at $75.63, up 25 cents from the previous day. The USDA pork carcass cutout value was $1.60 lower at $75.32 in the Friday AM report. The belly primal was down a sharp $11.05. The national base hog weighted average price was down 15 cents at $69.35 Friday morning. 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.

Feb 18 Hogs are at $73.350, down $0.050,

Apr 18 Hogs are at $69.125, down $0.325

May 18 Hogs are at $74.700, down $0.325




Market Commentary provided by:

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