Lean Hogs Market News and Commentary

Lean Hog futures posted 95 cent to $1.45 losses in the front months on Tuesday. The CME Lean Hog Index was up 23 cents from the previous day @ $57.41 on February 1. The USDA pork carcass cutout value was down $1.90 on Tuesday afternoon at an average weighted price of $66.22. The national base cash hog carcass value was down 39 cents in the PM report, with a weighted average of $50.16. USDA estimated FI hog slaughter at 950,000 head through Tuesday. That is 14,000 above the previous week and 27,000 head larger than the same week last year.

--provided by Brugler Marketing & Management




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